Portugal's Inflation Eased to 3.2% in June as Cheaper Fuel Offset Stubborn Food Prices
The INE confirmed consumer prices rose 3.2% over the year to June, down mainly because energy inflation slowed to 9.1% from 13.1%. Core inflation edged up to 2.5% and unprocessed food stayed high at 5.1%, keeping Portugal's harmonised rate 0.3 points above the euro area.