Portugal Inflation Steady At 0.5% In March

Portugal’s consumer prices inflation remained stable in March, preliminary data from Statistics Portugal showed on Tuesday.

The consumer price index rose 0.5 percent year-on-year in March, same as seen in February.

The core CPI, which excludes energy and unprocessed food products components increased 0.1 percent in March, after a 0.7 percent rise in the prior month.

On a monthly basis, consumer prices rose 1.4 percent in March, after a 0.5 percent decrease in the previous month.

The EU measure of harmonized index of consumer price, or HICP, increased 0.1 percent annually in March, after a 0.3 percent growth in the prior month.

On a month-on-month basis, the HICP rose 1.5 percent in March, after a 0.5 percent decrease in the preceding month.

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