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LISBON, Jan 14 (AFP): Consumer prices in Portugal increased by 2.6 per cent over the 12 months of 2005, national statistics institute INE said Friday.
Prices in December were 2.6 per cent higher than the same month of 2004 while prices rose by 0.1 per cent in December from the previous month of November, INE said.
In November, prices had risen 0.5 per cent from the previous month and were 2.6 per cent higher than in the same month of 2004.
The average annual inflation rate in 2005, calculated by averaging the 12-month inflation figure for each month of 2005, showed inflation slowing to 2.3 per cent.
This was lower than the rate of 2.4 per cent in 2004 as a drop in the price of clothing and shoes offset higher transportation and education costs, INE said.
Portugal recorded one of the weakest economic growth rates in Europe in 2005. The nation's central bank estimates gross domestic product expanded by just 0.3 per cent last year and will grow by 0.8 per cent this year.
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