Portugal Consumer Prices Continue To Fall In July

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Consumer prices in Portugal dropped 1.5% year-on-year in July, slower than a 1.6% fall in the preceding month, the Statistics Portugal said Wednesday. This was the fifth consecutive month of decline in prices.

Excluding energy and unprocessed foods, consumer prices rose 0.5% compared to a 0.3% rise in the previous month.

On a monthly basis, consumer prices fell 0.5% in July, reversing a 0.1% rise in June.

Meanwhile, the harmonized consumer prices fell 1.4% in July compared to a 1.6% fall in the preceding month, marking the fifth consecutive month of decline. Compared to the previous month, the HICP slipped 0.4% in July.

(Market News Provided by RTTNews)