Foreign
PORTUGAL’S consumer prices rose at a slightly slower rate in June, as initially estimated, the final data from Statistics Portugal showed on Wednesday.
Consumer price inflation eased to 2.8 per cent in June from 3.1 per cent in May. That was in line with the flash data published on June 28.
Core inflation, which excludes energy and unprocessed food products, slowed to 2.4 per cent in June from 2.7 per cent in the prior month.
In the flash report, the rate was 2.3 per cent. The annual price growth in food products decelerated to 1.8 per cent from 2.5 per cent.
Meanwhile, prices for energy products grew at an accelerated pace of 9.4 per cent versus a 7.8 per cent rise in May.
Every month, consumer prices remained flat in June after rising 0.2 per cent in the previous month.
EU-harmonised inflation also softened to 3.1 per cent in June from 3.8 per cent a month ago, as estimated.
Separate official data showed that the country’s trade deficit was 2.23 billion euros (2.41 billion dollars) in May, down from 2.45 billion euros in the same month of 2023.
Both exports and imports fell by 1.5 per cent and 3.4 per cent, respectively. (dpa/NAN)
10th July, 2024.
C.E.
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