Portuguese Consumer Prices Increased at Faster Pace Last Month

Portugal’s consumer price index rose in August from a year earlier at a faster pace than recorded in July.

Consumer prices, using a harmonized European Union measure, climbed 3.2 percent from a year earlier, more than the 2.8 percent increase in July, the Lisbon-based National Statistics Institute said today in an e-mailed statement. Prices fell 0.1 percent from July.

Using the statistics institute’s own methods, consumer prices in Portugal rose 3.1 percent in August from a year earlier and also fell 0.1 percent from July.

To contact the reporter on this story: Joao Lima in Lisbon at jlima1@bloomberg.net

To contact the editor responsible for this story: Stephen Foxwell at sfoxwell@bloomberg.net

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