Portuguese Inflation Eases In December

" /> 01/11/2012 05:18
Portugal's annual inflation, measured under the EU methodology, slowed in December, data released by Statistics Portugal showed Wednesday.
The harmonized index of consumer prices (HICP) increased 3.5 percent year-on-year in December, in line with economists' expectations. In November, the inflation rate was 3.8 percent.
On a monthly basis, the HICP edged up 0.1 percent in December, and matched economists forecast. In November, the HICP recorded a 0.1 percent decline month-on-month.
The consumer price inflation eased to 3.62 percent in December from 3.95 percent in November. Month-on-month, consumer prices remained flat during the month, after edging down 0.1 percent in the previous month.