Consumer prices in Portugal in August fell 0.1%, the National Institute of Statistics confirmed on Wednesday. For the second consecutive month, inflation was negative, where it entered in July, which was not the case four years ago.
“This evolution is partly due to the recovery in restaurant and hotel class prices, and, on the contrary, there was a more significant reduction in fuel prices in August than in the previous month”, says the note issued by statistic.
In the quick estimate, now confirmed, INE revealed that the inflation rate in Portugal remained negative at -0.1% in August, rising slightly from July, when it stood at -0.3%.
Statistics Portugal also points out that "the coefficient for updating the various types of urban and rural lease to be in force in calendar year 2020, calculated based on the CPI information up to August, is 1,0051". In other words, next year's rent should rise by 0.51%, less than half of the 1.15% increase this year.