Portugal’s EU measure of inflation increased for the second straight month in April as expected, figures from Statistics Portugal showed Wednesday.
The harmonized index of consumer prices, or HICP, rose 0.5 percent year-over-year in April, in line with expectations, faster than March’s 0.4 percent climb. In February, prices had fallen 0.1 percent.
Month-on-month, the HICP went up 0.4 percent in April, following a 0.3 percent in hike in the preceding month. The figure was also matched with consensus estimate.
The consumer price index climbed at a slightly faster pace of 0.4 percent annually in April, after a 0.3 percent increase seen in March. The expected rate of inflation was 0.5 percent.
On a monthly basis, consumer prices grew 0.3 percent in April, much slower than previous month’s 1.9 percent rise. Economists had expected a 0.4 percent hike for the month.
The core inflation index, which excludes unprocessed food and energy, rose 0.5 percent in April, which was 0.1 percent lower than in the prior month.
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