Consumer prices in Portugal surged to 1.5 percent year-on-year in July of 2021, accelerating from a 0.5 percent rise in the previous month preliminary estimates showed. It would be the highest inflation rate since July 2018. The core inflation index, which excludes energy and unprocessed food products components, is estimated to be 8.7 percent (9.0 percent in June) and the estimated rate for unprocessed food is 0.6 percent (0.1 percent in the previous month). The estimate of the Portuguese Harmonised Index of Consumer Prices annual rate of change was 1.1 percent (-0.6 percent in the previous month). On a monthly basis, consumer prices are seen edging down 0.3 percent, after a 0.2 percent increase in June. source: Statistics Portugal
Inflation Rate in Portugal averaged 8.21 percent from 1961 until 2021, 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 August of 2021.
Inflation Rate in Portugal is expected to be 0.80 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 1.20 percent in 2022 and 1.60 percent in 2023, according to our econometric models.