Portugal Consumer Prices Continue To Fall In August

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Thursday, the Statistics Portugal said consumer prices fell 1.3% year-on-year in August compared to a 1.5% drop in the preceding month. Consumer prices fell for the sixth consecutive month in August.

Excluding energy and unprocessed food, consumer prices rose 0.2% on an annual basis compared to a 0.5% rise in July. On a monthly basis, consumer prices declined 0.3%, after a 0.5% fall in July.

Meanwhile, the harmonized consumer prices fell 1.2% in August compared to a 1.4% drop in the preceding month. Month-on-month, harmonized consumer prices fell 0.2% compared to a 0.4% fall in the previous month.

(Market News Provided by RTTNews)