Portugal's annual core inflation, which excludes energy and unprocessed food products components increased to 0.5 percent in November 2018,above October's final reading of 0.4 percent and in line with preliminary estimates. Core Inflation Rate in Portugal averaged 7.70 percent from 1978 until 2018, reaching an all time high of 31.27 percent in May of 1984 and a record low of -0.57 percent in January of 2010.
Core Inflation Rate in Portugal is expected to be 1.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in Portugal to stand at 1.60 in 12 months time. In the long-term, the Portugal Core Inflation Rate is projected to trend around 1.80 percent in 2020, according to our econometric models.