The annual inflation rate in Portugal is expected to increase to 2.8 percent in December, accelerating from 2.6 percent in October, the highest reading since September of 2012. Main upward pressure came from unprocessed food (3.2 percent vs 0.8 percent in November), while energy prices likely rose at a softer pace (11.2 percent vs 14.1 percent). On a monthly basis, the consumer price index likely remained unchanged, compared to a 0.3 percent increase in the prior month. source: Statistics Portugal
Inflation Rate in Portugal averaged 8.17 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 January of 2022.
Inflation Rate in Portugal is expected to be 1.80 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 2023, according to our econometric models.