Portugal inflation accelerates in February

Statistics Portugal reported on Tuesday the consumer price index (CPI) rose 0.94 percent y-o-y in February, following a 0.48 percent y-o-y advance in January. The rate was the highest since October last year.

Meanwhile, core inflation, which excludes energy and unprocessed food products, accelerates to 1.0 percent in February from 0.8 percent in the previous month.

On a month-on-month basis, consumer prices fell 0.2 percent in February after a 1.2 percent decline in the prior month.

Inflation based on the EU measure of harmonized index for consumer prices (HICP) rose to 0.9 percent y-o-y in February, following a 0.6 percent y-o-y rise in January.