Wednesday, the Statistics Portugal announced that the consumer price index or CPI rose 0.2% year-on-year in February, faster than the 0.1% growth in the previous month. A year earlier, the CPI was up 0.2%.

The annual core CPI, which excludes energy components and fresh unprocessed food products, dropped 0.4% in February, compared to the 0.6% fall in January.

On a monthly basis, the CPI increased 0.1% in February, compared to the 0.5% fall in the previous month.

Meanwhile, the harmonized index of consumer prices or HICP rose 0.2% on an annual basis in February, faster than the 0.1% growth in the previous month. The HICP remained unchanged compared to the preceding month.