Consumer prices in Portugal rose by 0.5 percent year-on-year in March of 2021, the same as in February, preliminary estimates showed. Energy prices rebounded (2.3 percent vs -3.0 percent in February) and cost of unprocessed food products also continued to increase (1.3 percent vs 1.4 percent). On a monthly basis, consumer prices jumped by 1.4 percent, after having edged down by 0.5 in the prior month. source: Statistics Portugal

Inflation Rate in Portugal averaged 8.25 percent from 1961 until 2021, reaching an all time high of 53.90 percent in May of 1977 and a record low of -1.60 percent in June of 2009. This page provides - Portugal Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.

Inflation Rate in Portugal is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Portugal to stand at 1.10 in 12 months time. In the long-term, the Portugal Inflation Rate is projected to trend around 1.40 percent in 2022 and 1.60 percent in 2023, according to our econometric models.

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Portugal Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.50 53.90 -1.60 1961 - 2021 percent Monthly
2012=100


Calendar GMT Actual Previous Consensus TEForecast
2021-02-10 11:00 AM Inflation Rate YoY Final Jan 0.3% -0.2% 0.3%
2021-02-26 11:00 AM Inflation Rate YoY Prel Feb 0.5% 0.3% 0.5%
2021-03-10 11:00 AM Inflation Rate YoY Final Feb 0.5% 0.3% 0.5%
2021-03-31 08:30 AM Inflation Rate YoY Prel Mar 0.5% 0.5% 0.6%
2021-04-13 10:00 AM Inflation Rate YoY Final Mar 0.5% 0.5%
2021-04-30 08:30 AM Inflation Rate YoY Prel Apr
2021-05-13 10:00 AM Inflation Rate YoY Final Apr
2021-05-28 08:30 AM Inflation Rate YoY Prel May


News Stream
Portugal Inflation Rate Remains at 0.5%
Consumer prices in Portugal rose by 0.5 percent year-on-year in March of 2021, the same as in February, preliminary estimates showed. Energy prices rebounded (2.3 percent vs -3.0 percent in February) and cost of unprocessed food products also continued to increase (1.3 percent vs 1.4 percent). On a monthly basis, consumer prices jumped by 1.4 percent, after having edged down by 0.5 in the prior month.
2021-03-31
Portugal Inflation Rate Confirmed at 0.5% in February
Consumer prices in Portugal increased 0.5 percent year-on-year in February of 2021, 0.2 percentage points more than in the previous month, and in line with preliminary estimates. It is the highest inflation rate since January of 2020. Cost of food went up 1.4 percent (vs 1.7 percent in January) and energy decreased 3.0 percent (vs -4.4 percent). In addition, cost decreased at a slower pace for communications (-0.5 percent vs -1.2 percent) and transports (-0.7 percent vs -1.9 percent), as opposed to clothing and footwear (-2.4 percent vs -1.5 percent). On a monthly basis, consumer prices went down 0.5 percent, following a 0.3 percent drop in January.
2021-03-10
Portugal Inflation Rate at 1-Year High
Annual inflation rate in Portugal was confirmed at 0.5 percent in February of 2021, compared to 0.3 percent in the previous month, preliminary estimates showed. It is the highest inflation rate since January of 2020. Cost of food went up 1.4 percent (vs 1.7 percent in January) and energy decreased 3.1 percent (vs -4.4 percent). On a monthly basis, consumer prices went down 0.5 percent, following a 0.3 percent drop in January.
2021-02-26
Portugal Inflation Rate Confirmed at 11-Month High
Annual inflation rate in Portugal was confirmed at 0.3 percent in January of 2021, in line with preliminary estimates. It is the first increase in consumer prices in 6 months and the biggest since February 2020. Cost fell at a softer pace for transport (-1.9 percent vs -2.5 percent); recreation & culture (-0.5 percent vs -2.1 percent); clothing & footwear (-1.5 percent vs -4.4 percent) and education (-1.4 percent vs -1.5 percent). Meantime, prices continued to rise for fodd & non-alcoholic beverages (1 percent vs 1.5 percent); miscellaneous goods & services (1.3 percent vs 1 percent); and restaurant & hotels (0.8 percent vs 0.9 percent). On the other hand, housing & utilities cost edged down 0.1 percent, after being unchanged in December. On a monthly basis, consumer prices went down 0.3 percent, following a 0.1 percent drop in December.
2021-02-10

Portugal Inflation Rate
In Portugal, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods. The most important categories in the Portuguese consumer price index are Food and non-alcoholic beverages (20.8 percent of the total weight), Transport (14 percent), Miscellaneous Goods and Services (10.4 percent) and Housing, water, electricity, gas and other fuels (10.3 percent). Restaurants and Hotels account for 8.6 percent, Recreation and Culture for 7.2 percent and Clothing and Footwear for 6.9 percent. The index also includes: Health (6.3 percent) and Furnishings, household equipment and routine maintenance of the house (6.2 percent). Alcoholic beverages and tobacco, Communication and Education account for the remaining 9.4 percent.