Energy and food inflation sink February to 0.4% (act.) – Official Business – Portugal

The development of prices of energy and unprocessed food pulled down inflation in Portugal that in just one month decreased from 0.8% to 0.4%, advanced Thursday, March 10 , the National Statistics Institute (INE). The development followed what happened in the euro zone, where annual inflation fell from 0.3% in January to -0.2% in February.

“In February 2016, the annual change in the CPI stood at 0.4%, lower rate by 0.4 percentage points (pp) from the previous month, “writes INE justifying the slowdown to” the behavior of the prices of unprocessed food (now a year growth of 1.0% in January to -0.1% in February) and energy products (changes of -1.3% in January and -3.9% in February), “reads the statement released to . press

the INE also put forward that the annual inflation excluding these two categories of goods, which are identified as those who have more volatile prices in the consumption basket, fell only slightly: “the underlying inflation indicator, corresponding to the total index excluding unprocessed food and energy, showed an annual change of 0.9% (1.0% in the previous month), “reads the institute’s note.

” the one more disaggregated level “continues the INE,” is to highlight the decreases in annual growth rates of the class of communications that went from 5.3% in January to 4.0% in February, Transport class [essentially sub contribution -group fuel] and class of food and non-alcoholic beverages, with variations of -1.3% and -0.6% respectively (0.0% and 0.2% in the previous month). “

“on the other hand, marks the increase in the annual rate of change of the Leisure class, recreation and culture, which rose from 1.0% in January to 1.9% in February,” says the institute.

the INE’s still a drop in prices from the previous month of 0.4%: “in February 2016, the CPI recorded a monthly growth rate of -0.4% (-1.0 % in November and -0.1% in February 2015) “, which resulted in good measure the evolution of prices of” clothing and footwear, with a monthly change of -5.6% (-16.6% in previous month and -5.2% in February 2015), “reflecting the time balances.

(News updated at 11:30 more information)