Portugal Inflation Rises As Estimated

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Portugal’s consumer prices inflation rose as initially estimated in May, final data from Statistics Portugal showed on Monday.

The consumer price index rose 1.2 percent year-on-year in May, following a 0.6 percent increase in April, as estimated.

The core CPI, which excludes energy and unprocessed food products components rose 0.6 percent yearly in May, following a 0.1 percent gain in the previous month, as initially estimated.

On a monthly basis, consumer prices rose 0.2 percent in May, after a 0.4 percent increase in the previous month.

The EU measure of harmonized index of consumer price, or HICP, increased 0.5 percent annually in May, after a 0.1 percent fall in the prior month. In the initial estimate, HICP rose 0.4 percent.

The material has been provided by InstaForex Company – www.instaforex.com

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