Consumer prices in Portugal fell 0.2 percent year-on-year in December of 2020, the same as in November, and in line with preliminary estimates. It is the 4th consecutive month of deflation, as cost fell more for recreation and culture (-2.1 percent vs -1.3 percent) and clothing and footwear (-4.4 percent vs -3.7 percent) and continued to decline for transportation (-2.5 percent vs -3.2 percent). Also, food inflation slowed (1.5 percent vs 2.1 percent). On the other hand, prices increased faster for alcoholic beverages and tobacco (1.4 percent vs 0.5 percent). On a monthly basis, consumer prices edged down 0.1 percent, also in line with preliminary figures. Considering full 2020, consumer prices were flat, compared to a 0.3 percent rise in 2019. source: Statistics Portugal

Inflation Rate in Portugal averaged 8.28 percent from 1961 until 2020, 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 January of 2021.

Inflation Rate in Portugal is expected to be 0.50 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 1.10 percent in 2022 and 1.50 percent in 2023, according to our econometric models.

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Portugal Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.20 -0.20 53.90 -1.60 1961 - 2020 percent Monthly
2012=100


Calendar GMT Actual Previous Consensus TEForecast
2020-11-30 09:30 AM Inflation Rate YoY Prel Nov -0.2% -0.1%
2020-12-14 11:00 AM Inflation Rate YoY Final Nov -0.2% -0.1% -0.2% -0.2%
2021-01-04 11:00 AM Inflation Rate YoY Prel Dec -0.2% -0.2% -0.1%
2021-01-13 11:00 AM Inflation Rate YoY Final Dec -0.2% -0.2% -0.2% -0.2%
2021-01-29 09:30 AM Inflation Rate YoY Prel Jan
2021-02-10 11:00 AM Inflation Rate YoY Final Jan
2021-02-26 09:30 AM Inflation Rate YoY Prel Feb
2021-03-11 11:00 AM Inflation Rate YoY Final Feb
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Portugal CPI Falls 0.2%
Consumer prices in Portugal fell 0.2 percent year-on-year in December of 2020, the same as in November, and in line with preliminary estimates. It is the 4th consecutive month of deflation, as cost fell more for recreation and culture (-2.1 percent vs -1.3 percent) and clothing and footwear (-4.4 percent vs -3.7 percent) and continued to decline for transportation (-2.5 percent vs -3.2 percent). Also, food inflation slowed (1.5 percent vs 2.1 percent). On the other hand, prices increased faster for alcoholic beverages and tobacco (1.4 percent vs 0.5 percent). On a monthly basis, consumer prices edged down 0.1 percent, also in line with preliminary figures. Considering full 2020, consumer prices were flat, compared to a 0.3 percent rise in 2019.
2021-01-13
Portugal in Deflation Territory for 4th Month
Consumer prices in Portugal fell 0.2 percent year-on-year in December of 2020, the same as in November, preliminary estimates showed. It is the 4th consecutive month of falling consumer prices, with cost of energy recording the biggest decline (-4.9 percent) while prices of unprocessed food products jumped 2.6 percent. On a monthly basis, consumer prices edged down 0.1 percent.
2021-01-04
Portugal Deflation Deepens in November
Consumer prices in Portugal fell 0.2% from a year earlier in November of 2020, following a 0.1% drop in October and in line with preliminary estimates. The country stayed in deflation for the third month after a brief rise in the CPI in July and June. Main downward pressure came from prices of transport (-3.3% vs -2.9% in October); clothing & footwear (-3.7% vs -2.9%); recreation & culture (-1.3% vs -0.3%); communications (-1.5% vs -1.3%) and education (-1.5%, the same pace as in October). At the same time, inflation slowed for food & non-alcoholic beverages (2.1% vs 2.5%) and miscellaneous goods & services (1.2% vs 1.7%). Housing & utilities cost remained flat. On a monthly basis, consumer prices went down 0.3%, down from a 0.1% increase in October and matching an earlier estimate.
2020-12-14
Portugal Consumer Prices Fall Faster in November
Consumer prices in Portugal are expected to fall 0.2 percent year-on-year in November of 2020, following a 0.1 percent decrease in the previous month, a preliminary estimate showed. Energy cost will probably drop at a faster pace (-6.1 percent vs -6 percent in October) and unprocessed food inflation should ease (3.9 percent vs 4.5 percent). Core consumer prices, which exclude food and energy, is seen declining 0.2 percent from the previous year. On a monthly basis, consumer prices are expected to decrease 0.3 percent, down from a 0.1 percent increase in October.
2020-11-30

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.