Focus on Portugal immigration and the Portuguese economy:
Statistics Portugal announced that Portugal's Consumer Price Index (CPI) for May rose by 0.2% month-on-month, higher than the flat growth in April; the year-on-year increase expanded to 0.7%, the highest since last December, and also exceeded the market expectation of a 0.5% year-on-year increase. During the same period, the core CPI, excluding energy and fresh food, also saw its year-on-year growth accelerate to 0.5%.
During this period, the Harmonized Index of Consumer Prices (HICP) unexpectedly accelerated by 0.2% month-on-month, whereas the market had originally expected a 0.1% decline; the year-on-year increase expanded to 0.9%, the highest since last December, exceeding the market expectation of a 0.4% increase.
