Consumer prices in Portugal increased 0.9 percent year-on-year in February of 2019, in line with preliminary figures and above a 0.5 percent rise in January. It is the highest inflation rate in three months, mainly due to rising cost of food and non-alcoholic beverages and transport. Inflation Rate in Portugal averaged 8.54 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 1.20 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
2019-01-31 09:30 AM Inflation Rate YoY Prel 0.4% 0.7% 0.8%
2019-02-12 11:00 AM Inflation Rate YoY Final 0.5% 0.7% 0.4% 0.4%
2019-02-28 09:30 AM Inflation Rate YoY Prel 0.9% 0.5% 0.6%
2019-03-12 11:00 AM Inflation Rate YoY Final 0.9% 0.5% 0.9% 0.9%
2019-03-29 09:30 AM Inflation Rate YoY Prel 0.9% 1%
2019-04-11 10:00 AM Inflation Rate YoY Final 0.9%
2019-04-30 08:30 AM Inflation Rate YoY Prel



Portugal Inflation Rate Confirmed at 3-Month High of 0.9%

Consumer prices in Portugal increased 0.9 percent year-on-year in February of 2019, in line with preliminary figures and above a 0.5 percent rise in January. It is the highest inflation rate in three months, mainly due to rising cost of food and non-alcoholic beverages and transport.

Prices rose faster for food and non-alcoholic beverages (1.3 percent compared to 0.2 percent); transport (2.3 percent compared to 0.7 percent); and miscellaneous goods and services (1.7 percent compared to 1.3 percent). On the other hand, inflation slowed for housing and utilities (0.5 percent compared to 0.6 percent); restaurants and hotels (1.7 percent compared to 2.1 percent); and health (0.8 percent compared to 1.2 percent). Also, inflation was steady for recreation and culture (0.1 percent) and proices fell more for clothing and footwear (-3.3 percent compared to -3.1 percent).

Annual core inflation rate, which excludes prices of energy and unprocessed food products increased to 1 percent from 0.8 percent in January, in line with earlier figures.

On a monthly basis, consumer prices went down 0.2 percent, following a 1.2 percent drop in January and also in line with preliminary figures. Main downward contribution came from clothing and footwear (prices fell 4.6 percent after a 16.7 percent slump in January), namely women's clothing while the biggest upward contribution came from cost of transport (+0.5 percent compared to -0.4 percent), namely diesel.

The harmonized consumer price index rose 0.9 percent year-on-year (vs 0.6 percent in January) and decreased 0.3 percent month-over-month (-1.3 percent in January).


INE | Joana Taborda | joana.taborda@tradingeconomics.com
3/12/2019 11:26:36 AM



Portugal Prices Last Previous Highest Lowest Unit
Inflation Rate 0.90 0.50 53.90 -1.60 percent [+]
Inflation Rate Mom -0.20 -1.20 8.30 -5.60 percent [+]
Consumer Price Index CPI 102.19 102.41 104.46 1.09 Index Points [+]
Harmonised Consumer Prices 101.45 101.73 105.03 43.89 Index Points [+]
Core Consumer Prices 102.05 102.40 104.40 4.95 Index Points [+]
Core Inflation Rate 0.98 0.77 31.27 -0.57 percent [+]
Producer Prices 103.30 103.30 107.50 92.00 Index Points [+]
Producer Prices Change 1.00 1.30 7.80 -7.30 percent [+]
CPI Housing Utilities 107.97 107.87 108.84 4.59 Index Points [+]
CPI Transportation 100.87 100.41 102.95 3.31 Index Points [+]
Food Inflation 1.26 0.24 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.90 0.50 53.90 -1.60 1961 - 2019 percent Monthly
2012=100




Country Last Previous
Argentina 50.70 Feb/19
Australia 1.80 Dec/18
Brazil 3.89 Feb/19
Canada 1.40 Jan/19
China 1.50 Feb/19
Euro Area 1.50 Feb/19
France 1.30 Feb/19
Germany 1.50 Feb/19
India 2.57 Feb/19
Indonesia 2.57 Feb/19
Italy 1.00 Feb/19
Japan 0.20 Jan/19
Mexico 3.94 Feb/19
Netherlands 2.60 Feb/19
Russia 5.20 Feb/19
Saudi Arabia -2.20 Feb/19
Singapore 0.40 Jan/19
South Africa 4.10 Feb/19
South Korea 0.50 Feb/19
Spain 1.10 Feb/19
Switzerland 0.60 Feb/19
Turkey 19.67 Feb/19
United Kingdom 1.90 Feb/19
United States 1.50 Feb/19


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