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Portugal Inflation Eases To 9-month Low

Portugal's inflation eased further in January to its lowest level in nine months, preliminary data from Statistics Portugal showed on Tuesday.

The consumer price inflation slowed to 0.5 percent in January from 0.7 percent in December.

Core inflation, which excludes energy and unprocessed food products, rose slightly to 0.8 percent from 0.6 percent in December.

On a monthly basis, consumer prices declined 1.2 percent in January after falling 0.2 percent in the preceding month.

Inflation based on the Harmonized Index of Consumer prices, or HICP, was 0.6 percent in January, same as in December.

On a month-on-month basis, the HICP fell 1.3 percent percent in January after a 0.4 percent decline in the prior month.

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