Consumer prices in Portugal fell 0.1 percent year-on-year in September 2020, in line with the preliminary estimates, and after a flat reading in August. Prices dropped for clothing & footwear (-2.4 percent vs 0.3 percent in August); and restaurants & hotels (-0.7 percent vs 1.7 percent). Also, cost continued to decline for transportation (-3.2 percent, the same as in August); communication (-1.1 percent vs -1 percent); and alcoholic beverages & tobacco (-0.1 percent vs -0.2 percent). In addition, food inflation slowed (2.0 percent vs 2.3 percent) while prices of housing & utilities were unchanged (vs 0.1 percent in August. On a monthly basis, consumer prices increased 1 percent, rebounding from a 0.3 percent fall in the prior month and matching initial forecasts.

Inflation Rate in Portugal averaged 8.32 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 October of 2020.

Inflation Rate in Portugal is expected to be 0.10 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 1.20 in 12 months time. In the long-term, the Portugal Inflation Rate is projected to trend around 1.10 percent in 2021 and 1.50 percent in 2022, according to our econometric models.

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Portugal Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.10 0.00 53.90 -1.60 1961 - 2020 percent Monthly
2012=100


Calendar GMT Actual Previous Consensus TEForecast
2020-08-31 08:30 AM Inflation Rate YoY Prel Aug 0% 0.1% 0.0%
2020-09-10 10:00 AM Inflation Rate YoY Final Aug 0% 0.1% 0% 0%
2020-09-30 08:30 AM Inflation Rate YoY Prel Sep -0.1% 0% -0.6%
2020-10-13 10:00 AM Inflation Rate YoY Final Sep -0.1% 0% -0.1% -0.1%
2020-10-30 09:30 AM Inflation Rate YoY Prel Oct -0.1% -0.1%
2020-11-13 11:00 AM Inflation Rate YoY Final Oct -0.1%
2020-11-30 09:30 AM Inflation Rate YoY Prel Nov
2020-12-11 11:00 AM Inflation Rate YoY Final Nov
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Portugal Consumer Prices Fall in September
Consumer prices in Portugal fell 0.1 percent year-on-year in September 2020, in line with the preliminary estimates, and after a flat reading in August. Prices dropped for clothing & footwear (-2.4 percent vs 0.3 percent in August); and restaurants & hotels (-0.7 percent vs 1.7 percent). Also, cost continued to decline for transportation (-3.2 percent, the same as in August); communication (-1.1 percent vs -1 percent); and alcoholic beverages & tobacco (-0.1 percent vs -0.2 percent). In addition, food inflation slowed (2.0 percent vs 2.3 percent) while prices of housing & utilities were unchanged (vs 0.1 percent in August. On a monthly basis, consumer prices increased 1 percent, rebounding from a 0.3 percent fall in the prior month and matching initial forecasts.
2020-10-13
Portugal Consumer Prices Drop in September
Consumer prices in Portugal are expected to decrease 0.1 percent year-on-year in September of 2020, after showing no growth in the previous month, a preliminary estimate showed. Energy cost will probably fall at a faster pace (-5.5 percent vs -4.9 percent in August) while unprocessed food inflation should be steady (at 4.2 percent). Core consumer prices, which exclude food and energy, is seen edging down 0.1 percent from the previous year, the same as in August. On a monthly basis, consumer prices are expected to jump 1 percent, after a 0.3 percent drop in the previous month.
2020-09-30
Portugal Inflation Rate Stalls in August
Consumer prices in Portugal were flat year-on-year in August of 2020, in line with the preliminary estimates, and following a 0.1 percent gain in each of the previous two months. Cost of restaurants and hotels increased faster (1.7 percent vs 1.2 percent in July) and prices of alcoholic beverages and tobacco declined less (-0.2 percent vs -0.6 percent). On the other hand, food inflation slowed (2.3 percent vs 2.7 percent) and prices fell further for transportation (-3.2 percent vs -2.6 percent) and communication (-1 percent vs -0.6 percent). On a monthly basis, consumer prices were down 0.3 percent, more than initial forecasts of a 0.2 percent fall.
2020-09-10
Portugal Inflation Rate Unchanged in July
Portugal's consumer prices are expected to show no growth from a year earlier in July of 2020, after a 0.1 percent gain in the previous month, a preliminary estimate showed. Unprocessed food cost will probably increase at a slower pace (4.2 percent vs 4.8 percent in July), while energy deflation should soften (-5 percent vs -5.3 percent). Core consumer prices, which exclude food and energy, is seen unchanged from the previous year, following a 0.1 percent increase in June. On a monthly basis, consumer prices are expected to decrease 0.2 percent, after a 1.3 percent drop in June.
2020-08-31

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.