The annual inflation rate in Portugal stood at 0.8 percent in April 2019, unchanged from the previous month and matching the initial estimate. Prices dropped for food & non-alcoholic beverages while continued to rise mainly for transport due to Easter holiday. Inflation Rate in Portugal averaged 8.52 percent from 1961 until 2019, 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.

Inflation Rate in Portugal is expected to be 1.00 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 1.50 in 12 months time. In the long-term, the Portugal Inflation Rate is projected to trend around 1.90 percent in 2020, according to our econometric models.

Portugal Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-29 09:30 AM Inflation Rate YoY Prel 0.9% 0.9% 1%
2019-04-10 10:00 AM Inflation Rate YoY Final 0.8% 0.9% 0.9% 0.9%
2019-04-30 08:30 AM Inflation Rate YoY Prel 0.8% 0.8% 0.7%
2019-05-13 10:00 AM Inflation Rate YoY Final 0.8% 0.8% 0.8% 0.8%
2019-05-31 08:30 AM Inflation Rate YoY Prel 0.8% 0.7%
2019-06-12 10:00 AM Inflation Rate YoY Final 0.8%
2019-06-28 08:30 AM Inflation Rate YoY Prel 1%



Portugal Inflation Rate Confirmed at 0.8% in April

The annual inflation rate in Portugal stood at 0.8 percent in April 2019, unchanged from the previous month and matching the initial estimate. Prices dropped for food & non-alcoholic beverages while continued to rise mainly for transport due to Easter holiday.

Prices decreased mainly for food & non-alcoholic beverages (-0.2 percent vs 1.2 percent in March), namely fruits (-4.2 percent vs -0.4 percent), oils & fats (-3.1 percent vs -1.9 percent); and clothing & footwear (-3.0 percent vs -2.5 percent). Also, inflation slowed for alcoholic beverages & tobacco (2.2 percent vs 3.0 percent) and it remained steady for education (at 1.4 percent).

On the other hand, prices advanced faster for transport (2.7 percent vs 2.5 percent), namely air transportation (11.6 percent vs -18.0 percent) and restaurants & hotels (1.9 percent vs 1.2 percent), on the back of seasonal effects from the timing of Easter which took place in March a year ago; miscellaneous goods & services (1.8 percent vs 1.5 percent) and housing & utilities (0.9 percent vs 0.8 percent), of which rents (3.1 percent vs 3.0 percent). In addition, cost rebounded for recreation & culture (0.7 percent vs -0.9 percent).

Annual core inflation rate, which excludes prices of energy and unprocessed food products, edged up to 0.8 percent in April 2019 from 0.7 percent in March, in line with earlier figures.

On a monthly basis, consumer prices increased 0.6 percent, easing from a 1.8 percent rise and matching the initial estimate. Prices advanced less for clothing & footwear (0.8 percent vs 26.1 percent) and housing & utilities (0.1 percent vs 0.3 percent) and fell for food & non-alcoholic beverages (-0.3 percent vs -0.1 percent) and alcoholic beverages & tobacco (-0.2 percent vs 2.2 percent). In contrast, cost grew further for restaurants & hotels (2.6 percent vs 1.5 percent);transport (1.2 percent vs 0.7 percent) and miscellaneous goods & services (0.5 percent, after being flat in March).

The harmonized consumer price index rose 0.9 percent year-on-year (vs 0.8 percent in March) and increased 1 percent month-over-month (vs 2.1 percent in March).


INE | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
5/13/2019 11:22:10 AM



Portugal Prices Last Previous Highest Lowest Unit
Inflation Rate 0.80 0.80 53.90 -1.60 percent [+]
Inflation Rate Mom 0.60 1.80 8.30 -5.60 percent [+]
Consumer Price Index CPI 104.60 104.00 104.60 1.09 Index Points [+]
Harmonised Consumer Prices 104.60 103.53 105.03 43.89 Index Points [+]
Core Consumer Prices 104.89 104.22 104.89 4.95 Index Points [+]
Core Inflation Rate 0.82 0.70 31.27 -0.57 percent [+]
Producer Prices 103.60 103.10 107.10 92.60 Index Points [+]
Producer Prices Change 1.90 1.60 7.80 -6.70 percent [+]
CPI Housing Utilities 108.40 108.27 108.84 4.59 Index Points [+]
CPI Transportation 102.80 101.55 102.95 3.31 Index Points [+]
Food Inflation -0.17 1.16 38.68 -6.33 percent [+]
GDP Deflator 1.10 1.10 4.50 -1.10 percent [+]


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. This page provides - Portugal Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Inflation Rate - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.80 53.90 -1.60 1961 - 2019 percent Monthly
2012=100




Country Last Previous
Argentina 55.80 Apr/19
Australia 1.30 Mar/19
Brazil 4.94 Apr/19
Canada 2.00 Apr/19
China 2.50 Apr/19
Euro Area 1.70 Apr/19
France 1.30 Apr/19
Germany 2.00 Apr/19
India 2.92 Apr/19
Indonesia 2.83 Apr/19
Italy 1.10 Apr/19
Japan 0.90 Apr/19
Mexico 4.41 Apr/19
Netherlands 2.90 Apr/19
Russia 5.20 Apr/19
Saudi Arabia -1.90 Apr/19
Singapore 0.80 Apr/19
South Africa 4.40 Apr/19
South Korea 0.60 Apr/19
Spain 1.50 Apr/19
Switzerland 0.70 Apr/19
Turkey 19.50 Apr/19
United Kingdom 2.10 Apr/19
United States 2.00 Apr/19


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