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.