Summary
- In November 2017, telecommunications prices1 did not undergo any alteration compared to the previous month (+1.11% in November 2016).
On a year-on-year basis, the increase in prices (1.21%) was the 19th highest among the sectors of the Portuguese economy.
On average annual terms, prices increased by 2.78%, 1.46 percentage points over inflation (1.32%). The increase in prices reported was the 10th highest among the 43 products/services considered.
Since January 2014, telecommunications prices1 have been increasing at average annual rates above the rate of change reported in the CPI.
- In November 2017, in average annual terms, Portugal reported the second highest increase in prices in the EU. On average, telecommunications prices1 in the EU fell by 0.83%.
Since March 2011, telecommunications prices1 have risen more in Portugal than in the EU.
1. Changes in telecommunications prices1 in November 2017
According to the INE2, in November 2017, telecommunications prices did not undergo any alteration compared to the previous month (+1.11% in November 2016)1.
Compared with the corresponding month of the previous year, and the average in the last 12 months, telecommunications prices1 increased by 1.21% and by 2.78%, respectively.
|
|
November 2017 |
2016 |
||
|
Var. Year-on-year change |
Var. average 12 months |
Var. previous month |
Var. average 12 months |
|
|
CPI |
1.55% |
1.32% |
-0.35% |
0.61% |
|
Telecommunications1 |
1.21% |
2.78% |
0.00% |
2.61% |
|
Ranking in descending order (43 groups) |
19 |
10 |
22 |
7 |
Source: INE
Unit: %
Note: The difference between the average variation in the CPI and the telecommunications sub-index from the table in the last 12 months is different from that mentioned in the text due to rounding up.
On a year-on-year basis, the increase in prices (1.21%) was the 19th highest among the sectors of the Portuguese economy. The difference in the CPI was -0.34 percentage points (p.p.), and the first time since September 2014 that the year-on-year change for telecommunications prices1 was less than the CPI.
In average annual terms, the increase in prices reported (2.78%) was the 10th highest among 43 products/services considered.
Since January 2014, telecommunications prices1 have been increasing at average annual rates above the rate of change reported in the CPI. In June 2017, the difference between the two rates was reported at 1.46 percentage points (p.p.).
Graph 1 - Average 12-month change in CPI and telecommunications prices1
Source: INE
Unit: %
2. Changes in telecommunication prices1 in the UE.3 in November 2017
According to EUROSTAT4, in November 2017, the increase in prices in average annual terms reported in Portugal was 3.61 percentage points above the EU average3, with Portugal the EU country with the second highest increase in prices. Latvia was the country where prices increased more than in Portugal.
On a year-on-year basis, the variation in telecommunications prices1 in Portugal was the ninth highest among the EU countries.3,5
|
|
November 2017 |
2016 |
||
|
Var. Year-on-year change |
Var. average 12 months |
Var. previous month |
Var. average 12 months |
|
|
EU3 |
-1.09% |
-0.83% |
0.02% |
-0.11% |
|
Portugal |
1.21% |
2.78% |
0.00% |
2.61% |
|
Difference PT / E.U.3 |
2.30 p.p. |
3.61 p.p. |
-0.02 p.p. |
2.72 p.p. |
|
Ranking in descending order (25 countries) |
9 |
2 |
8 |
5 |
Source: EUROSTAT
Unit: %, p.p.
Note: Information not available for the United Kingdom. Malta and Ireland were not included in the ranking due to a lack of available information before December 2015.
Since April 2011, telecommunications prices1 have risen more in Portugal than in the EU3 (in average annual terms).
Graph 2 – Average rate of change over previous 12 months - telecommunications prices: Portugal vs EU3
Source: EUROSTAT
Unit: %
Note: From the publication, by EUROSTAT, on 25 February 2016, of data for January 2016, the reference year of the HICP series was changed from 2005 to 2015. There may be differences in the series due to rounding effects6.
1 ''Telephone and telefax services'' sub-index of the Consumer Price Index (CPI) and of the Harmonized Indices of Consumer Prices (HICP), which comprises voice, Internet and subscription TV (STV) services acquired on a stand-alone basis or as part of a bundle of services. Analysis of the prices presented in this report should be complemented by an examination of the characteristics of the offers; this information is available in the reports: "Electronic communications bundles", ''Fixed telephone service and nomadic VoIP'', ''Mobile services'', ''Internet access service'' and ''Subscription television service'', all available on ANACOM's website.
2 See “Consumer Price Index - November 2017” (INE, 2017), available at CPI annual rate of change increased to 1.5% in November - November 2017
3 Information not available for the United Kingdom. Information available for Malta from December 2015. Information available for Ireland from December 2016.
4 See HICP- monthly data (EUROSTAT, 2017), available at HICP (2015 = 100) - monthly data (index)
5 The countries reporting highest year-on-year increases were Latvia, Sweden, Romania, Lithuania, Finland, Greece, Spain and Poland.
6 For further information, go to New HICP reference year 2015 = 100
