Consumer Price Index (MoM)
economic
Updated: 30 Nov, 9:30 am UTC
Deviation
-0.8999999999999999%
Consensus
-
Previous
1.2%
Actual
0.3% Description
Source: Portugal
The Consumer Price Index released by Statistics Portugal is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of EUR is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally speaking, a high reading is seen as positive (or bullish) for the EUR, while a low reading is seen as negative (or bearish).