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.

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Portugal Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-12-14 11:00 AM Inflation Rate YoY Final Nov 2.6% 1.8% 2.6%
2022-01-03 11:00 AM Inflation Rate YoY Prel Dec 2.8% 2.6% 3.1%
2022-01-12 11:00 AM Inflation Rate YoY Final Dec 2.6% 2.8%


Related Last Previous Unit Reference
Inflation Rate 2.80 2.60 percent Dec/21
Inflation Rate Mom 0.00 0.40 percent Dec/21
Consumer Price Index CPI 106.69 106.22 points Nov/21
Harmonised Consumer Prices 105.96 105.69 points Nov/21
Core Inflation Rate 1.70 1.07 percent Nov/21
Core Consumer Prices 105.99 105.65 points Nov/21
Producer Prices Change 18.70 16.20 percent Nov/21
Producer Prices 115.95 114.10 points Nov/21
Food Inflation 1.36 0.49 percent Nov/21
CPI Transportation 106.99 106.23 points Nov/21
CPI Housing Utilities 112.07 111.69 points Nov/21
GDP Deflator 0.70 -1.00 percent Sep/21

News Stream
Portugal Inflation Rate at Over 9-Year High
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.
2022-01-03
Portugal Inflation Rate at Over 11-Year High
The annual inflation rate in Portugal was confirmed at an over 11-year high of 2.6 percent in November, quickening from 1.8 percent in October. Main upward pressure came from prices of transportation (8.8 percent vs 7.5 percent in October); housing & utilities (3.2 percent vs 3.1 percent); and food & non-alcoholic beverages (1.4 percent vs 0.5 percent). To a lesser extent, inflationary pressures also stemmed from restaurants & hotels (2.8 percent vs 0.9 percent), and from leisure, recreation & culture (3.1 percent vs 1.0 percent). Consumer prices excluding energy and unprocessed food products rose 1.7 percent year-on-year, faster than last month’s 1.1 percent increase. On a monthly basis, consumer prices inched up 0.4 percent, easing from a 0.5 percent gain in October.
2021-12-14
Portugal October Inflation at Over 4-1/2-Year High
The annual inflation rate in Portugal edged up to 1.8 percent in October of 2021 from 1.5 percent in the previous month and in line with preliminary estimates. It was the highest inflation rate since April 2017, driven mainly by housing and utilities (3 percent vs 2.4 percent in September); transport (7.5 percent vs 6.4 percent); communications (1.45 percent vs 1.3 percent) and recreation and culture (1 percent vs 0.7 percent). Also, prices rebounded for education (1.12 percent vs -1.17 percent) and restaurants and hotels (0.9 percent vs -0.36 percent). Meanwhile, prices eased for food and non-alcoholic beverages (0.5 percent vs 0.7 percent) and health (1.8 percent vs 2 percent). Core consumer prices, which exclude energy and unprocessed food products, accelerated to 1.1 percent year-on-year from 0.9 percent in the previous month. Whereas on a monthly basis, consumer prices increased 0.5 percent, slowing from 0.9 percent in September.
2021-11-11

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.