Portugal Inflation Rate

The annual inflation rate in Portugal decreased to 0.7 percent in December of 2018 from 0.9 in the previous month and in line with preliminary estimates. It is the lowest inflation rate since April, mainly due to a slowdown in prices of transport and housing & utilities. Inflation Rate in Portugal averaged 8.56 percent from 1961 until 2018, 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 1.70 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 1.90 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.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2018-11-30	09:30 AM	Inflation Rate YoY Prel	0.9%	1%		1.1%
2018-12-12	11:00 AM	Inflation Rate YoY Final	0.9%	1%	0.9%	0.9%
2019-01-04	09:30 AM	Inflation Rate YoY Prel	0.7%	0.9%		1.1%
2019-01-11	11:00 AM	Inflation Rate YoY Final	0.7%	0.9%	0.7%	0.7%
2019-01-31	09:30 AM	Inflation Rate YoY Prel		0.7%
2019-02-12	11:00 AM	Inflation Rate YoY Final		0.7%
2019-02-28	09:30 AM	Inflation Rate YoY Prel

Portugal Inflation Rate Confirmed at 8-Month Low

The annual inflation rate in Portugal decreased to 0.7 percent in December of 2018 from 0.9 in the previous month and in line with preliminary estimates. It is the lowest inflation rate since April, mainly due to a slowdown in prices of transport and housing & utilities.

Year-on-year, cost slowed sharply for transport (1.5 percent from 3.1 percent in November) and housing and utilities (2.5 percent from 2.7 percent). In addition, inflation was steady for food and non-alcoholic beverages (0.3 percent, the same as in November); health (1 percent) and education (1.2 percent). On the other hand, prices rose faster for alcoholic beverages and tobacco (2.6 percent from 2.2 percent); communication (0.4 percent from 0.1 percent) and miscellaneous goods and services (1.2 percent from 1.1 percent).

Annual core inflation, which excludes energy and unprocessed food products, increased to 0.6 percent in December, above November’s final reading of 0.5 percent and in line with flash estimates.

On a monthly basis, consumer prices went down 0.2 percent in December, following a 0.4 percent drop in the prior month.

The harmonized consumer price index rose 0.6 percent year-on-year (vs 0.9 percent in November) and decreased by 0.4 percent month-over-month (vs a 1 percent drop in November).

INE | Agna Gabriel | agna.gabriel@tradingeconomics.com
1/11/2019 11:25:13 AM

News

Portugal Inflation Rate Lowest in 8 Months
The annual inflation rate in Portugal is expected to decrease to 0.68 percent in December of 2018 from 0.86 in the previous month, a preliminary estimate showed. It is the lowest inflation rate since April, mainly due to lower prices of energy.
Published on 2019-01-04

Portugal Inflation Rate Confirmed at 7-Month Low of 0.9%
The annual inflation rate in Portugal decreased to 0.9 percent in November of 2018 from 1 percent in the previous month and in line with preliminary estimates. It is the lowest inflation rate since April, mainly due to lower transport prices.
Published on 2018-12-12

Portugal Inflation Rate Eases to 0.9% in November
The annual inflation rate in Portugal is expected to edge down to 0.94 percent in November of 2018 from 0.96 percent in October, a preliminary estimate showed. It is the lowest inflation rate since April, mainly due to lower prices of energy.
Published on 2018-11-30

Portugal October Inflation Rate Confirmed at 1%
Portugal's annual inflation eased to 1 percent in October 2018, unrevised from a preliminary estimate and below the previous month's rate of 1.4 percent. The inflation was at its lowest level since May mainly due to a slowdown in food price growth and a decline in costs of restaurants & hotels, recreation & culture and clothing & footwear.
Published on 2018-11-13

Portugal Prices	Last	Previous	Highest	Lowest	Unit
Inflation Rate	0.70	0.90	53.90	-1.60	percent	[+]
Inflation Rate Mom	-0.20	-0.40	8.30	-5.60	percent	[+]
Harmonised Consumer Prices	103.02	103.43	105.03	43.89	Index Points	[+]
Consumer Price Index CPI	103.66	103.90	104.46	1.09	Index Points	[+]
Core Consumer Prices	103.83	103.78	104.40	4.95	Index Points	[+]
Core Inflation Rate	0.56	0.49	31.27	-0.57	percent	[+]
Producer Prices	104.70	105.40	107.50	92.00	Index Points	[+]
Producer Prices Change	3.60	4.80	7.80	-7.30	percent	[+]
CPI Housing Utilities	108.75	108.84	108.84	4.59	Index Points	[+]
CPI Transportation	100.82	100.86	102.95	3.31	Index Points	[+]
Food Inflation	0.30	0.28	38.68	-6.33	percent	[+]
GDP Deflator	1.10	1.20	4.50	-1.10	percent	[+]

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 January of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	0.70	0.90	53.90	-1.60	1961 - 2018	percent	Monthly	2012=100

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Country	Last		Previous	Range
Argentina	47.10	Dec/18	48	20263 : -7	%
Australia	1.90	Sep/18	2.1	23.9 : -1.3	%
Brazil	3.75	Dec/18	4.05	6821 : 1.65	%
Canada	1.70	Nov/18	2.4	21.6 : -17.8	%
China	1.90	Dec/18	2.2	28.4 : -2.2	%
Euro Area	1.60	Dec/18	1.9	5 : -0.7	%
France	1.60	Dec/18	1.9	18.8 : -0.7	%
Germany	1.70	Dec/18	2.3	11.54 : -7.62	%
India	2.19	Dec/18	2.33	12.17 : 1.54	%
Indonesia	3.13	Dec/18	3.23	82.4 : -1.17	%
Italy	1.10	Dec/18	1.6	25.64 : -0.6	%
Japan	0.80	Nov/18	1.4	24.9 : -2.5	%
Mexico	4.83	Dec/18	4.72	180 : 2.13	%
Netherlands	2.00	Dec/18	2	11.19 : -1.3	%
Russia	4.30	Dec/18	3.8	2333 : 2.2	%
Saudi Arabia	2.80	Nov/18	2.4	11.1 : -2	%
Singapore	0.30	Nov/18	0.7	34 : -3.1	%
South Africa	5.20	Nov/18	5.1	20.7 : 0.2	%
South Korea	1.30	Dec/18	2	32.5 : 0.2	%
Spain	1.20	Dec/18	1.7	28.43 : -1.37	%
Switzerland	0.70	Dec/18	0.9	11.92 : -1.4	%
Turkey	20.30	Dec/18	21.62	139 : -4.01	%
United Kingdom	2.10	Dec/18	2.3	8.5 : -0.1	%
United States	1.90	Dec/18	2.2	23.7 : -15.8	%