The annual inflation rate in Portugal likely increased to 9.3 percent in September of 2022, the highest since October of 1992, compared to 8.9 percent in August, preliminary estimates showed. Energy prices surged 22.2 percent, while food costs jumped 16.9 percent. Consumer prices were up 1.2 percent compared to the previous month, following a 0.3 percent drop in August. source: Statistics Portugal

Inflation Rate in Portugal averaged 8.15 percent from 1961 until 2022, 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 2022.

Inflation Rate in Portugal is expected to be 8.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Inflation Rate is projected to trend around 3.20 percent in 2023 and 1.20 percent in 2024, according to our econometric models.

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Portugal Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-09-12 10:00 AM Inflation Rate YoY Final Aug 8.9% 9.1% 9%
2022-09-30 08:30 AM Inflation Rate YoY Prel Sep 9.3% 8.9% 8.7%
2022-10-13 10:00 AM Inflation Rate YoY Final Sep 8.9% 9.3%


Related Last Previous Unit Reference
Inflation Rate 9.30 8.90 percent Sep 2022
Inflation Rate MoM 1.20 -0.30 percent Sep 2022
Harmonised Consumer Prices 114.17 114.39 points Aug 2022
Consumer Price Index CPI 114.16 114.51 points Aug 2022
Core Inflation Rate 6.49 6.24 percent Aug 2022
Core Consumer Prices 110.84 110.81 points Aug 2022
Food Inflation 15.30 13.90 percent Aug 2022
CPI Transportation 116.58 118.93 points Aug 2022
CPI Housing Utilities 127.17 128.17 points Aug 2022
Producer Prices 133.30 134.90 points Aug 2022
Producer Prices Change 22.40 24.60 percent Aug 2022
GDP Deflator 3.70 0.80 percent Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
9.30 8.90 53.90 -1.60 1961 - 2022 percent Monthly
2012=100

News Stream
Portugal Inflation Hits Highest Level Since 1992
The annual inflation rate in Portugal likely increased to 9.3 percent in September of 2022, the highest since October of 1992, compared to 8.9 percent in August, preliminary estimates showed. Energy prices surged 22.2 percent, while food costs jumped 16.9 percent. Consumer prices were up 1.2 percent compared to the previous month, following a 0.3 percent drop in August.
2022-09-30
Portugal Inflation Rate Slows More Than Expected
The annual inflation rate in Portugal climbed 8.9 percent in August of 2022, easing from 9.1 percent in the previous month and slightly below preliminary estimates of 9.0 percent. Prices advanced at a softer pace for transport (10.4 percent vs. 12.9 percent in July), housing & utilities (14.9 percent vs. 16.6 percent), and recreation & culture (4.0 percent vs. 4.3 percent). On the other hand, prices rose faster for food & non-alcoholic (15.3 percent vs. 13.9 percent), miscellaneous goods & services (2.7 percent vs. 2.5 percent), and restaurants & hotels (16.3 percent vs. 14.8 percent). Meanwhile, core consumer prices, excluding energy and unprocessed food products, accelerated to 6.5 percent from the 6.2 percent increase in the previous month. The CPI monthly rate dropped 0.3 percent, following a flat reading in July.
2022-09-12
Portugal Inflation Rate Eases Slightly
Annual inflation rate in Portugal eased slightly to 9% in August of 2022 from 9.1% in July, the first slowdown since June last year, but holding at levels not seen since 1992, preliminary estimates showed. Energy likely continued to register the biggest increase (24%), followed by non-processed food (15.4%). Compared to the previous month, the CPI went down 0.3%.
2022-08-31