Portugal CPI down by 0.9%

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Eurozone annual inflation was 0.4% in July 2014, down from 0.5% in June., according to to Eurostat, the EU’s statistical office.

This is the lowest annual inflation rate since October 2009. While in July 2013 the rate was 1.6%, it was -0.7% in July 2014.

Looking at Iberian countries, Portugal’s CPI was down by 0.9% in July compared with the same period of 2013, the Instituto Nacional de Estatistica has reported.

According to Portugal’s national statistics office, excluding energy and unprocessed food, the annual rate was -0.4%. The CPI monthly rate decreased to -0.7% (0.1% in June 2014 and -0.2% in July 2013), while
the CPI 12-month average rate was -0.2% in July.

In July 2014, the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was -0.7% (-0.2% in June), 1.1 percentage points below the rate estimated by Eurostat for the eurozone.

In Spain, prices were estimated to have fallen 0.4% over the year. The annual change of the CPI for the month stood at -0.3%  in July. At the same time, the Harmonised Index of Consumers Prices (HIPC) stood at -0.4%, showing a four tenth decrease compared with June, the Instituto Nacional de Estadistica said.

For Italy’s inflation news, follow this link.

Click here to read about eurozone GDP flash estimate.

 

Madrid

The Fund Selector Roundtable Spain takes place on 16 September 2014 at the ME Madrid Reina Victoria.

Click here for further details and to register: http://events.investmenteurope.net/spain

To connect with peers before the event visit: https://www.linkedin.com/groups?gid=8113576

 

 

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