Portuguese Inflation Rate Falls for Third Month in November

Portugal’s inflation rate fell for a third month in November as the country’s recession sapped household demand.

Consumer prices, using a harmonized European Union measure, climbed 1.9 percent from a year earlier, less than the 2.1 percent increase in October, the Lisbon-based National Statistics Institute said today in an e-mailed statement. Prices fell 0.4 percent from October.

Using the statistics institute’s own methods, consumer prices in Portugal rose 1.9 percent in November from a year earlier and dropped 0.3 percent from October.

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

To contact the editor responsible for this story: Tim Quinson at tquinson@bloomberg.net