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.

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Portugal Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.50 0.50 53.90 -1.60 1961 - 2021 percent Monthly
2012=100


Calendar GMT Actual Previous Consensus TEForecast
2021-06-14 10:00 AM Inflation Rate YoY Final May 1.2% 0.6% 1.2%
2021-06-30 08:30 AM Inflation Rate YoY Prel Jun 0.5% 1.2% 1%
2021-07-12 10:00 AM Inflation Rate YoY Final Jun 0.5% 1.2% 0.5%
2021-07-30 08:30 AM Inflation Rate YoY Prel Jul 1.5% 0.5% 1%
2021-08-11 10:00 AM Inflation Rate YoY Final Jul 0.5% 1.5%
2021-08-31 08:30 AM Inflation Rate YoY Prel Aug
2021-09-10 10:00 AM Inflation Rate YoY Final Aug
2021-09-30 08:30 AM Inflation Rate YoY Prel Sep


News Stream
Portugal Inflation Rate Rises to 3-Year High
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.
2021-07-30
Portugal Inflation Rate Confirmed at 0.5% in June
The annual inflation rate in Portugal eased to 0.5% in June of 2021, compared to a near three-year high of 1.2% in May, in line with preliminary estimates. This deceleration partly reflects the base effect related to the price increases registered in June 2020. Prices slowed mainly for transport (3.8% vs 5.6% in May); clothing & footwear (2.4% vs 3.3%) and alcoholic beverages & tobacco (0.1% vs 1.5%). In addition, costs fell for food & non-alcoholic beverages (-0.2% vs 0.6%); restaurants & hotels (-6.2% vs -4.1%); education (-1.6%, as in May) and furnishings (-0.9% vs -0.4%). Core consumer prices, which excludes energy and unprocessed food products, dropped 0.3% year-on-year, after a 0.6% increase in May and compared to a previous estimate of a 0.2% fall. On a monthly basis, consumer prices were up 0.2%, the same pace as in the prior month and slightly above preliminary estimates of a 0.1% increase.
2021-07-12
Portugal Inflation Rate Slows to 0.5% in June
Consumer prices in Portugal increased by 0.5 percent year-on-year in June of 2021 after a 1.2 percent increase in the previous period, preliminary estimates showed. This deceleration mainly reflects the base effect related to the price increases registered in June 2020. Core consumer prices are expected to drop (-0.2 percent vs 0.6 percent in May) and energy prices are likely to ease (8.8 percent vs 9.9 percent). At the same, prices of unprocessed food products are expected to increase 0.1 percent (vs -0.1 percent). On a monthly basis, consumer prices are seen edging up 0.1 percent, after rising by 0.2 percent in the prior month.
2021-06-30
Portugal Inflation Rate Confirmed at 1.2% in May
Consumer prices in Portugal jumped by 1.2 percent year-on-year in May of 2021 after a 0.6 percent increase in the previous period, and in line with preliminary estimates. Inflation rose for transport (5.56 percent vs 3.43 percent in April), clothing & footwear (3.25 percent vs 2.87 percent), housing & utilities (1.53 percent vs 1.34 percent) and health (2.57 percent vs 2.46 percent). In addition inflation rebounded for food & non-alcoholic beverages (0.55 percent vs -0.79 percent), communication (0.28 percent vs -0.70 percent) and recreation & culture (0.76 percent vs -0.31 percent). On the other hand, deflation quickened for restaurants & hotels (-4.12 percent vs -3.20 percent) while declining at a slower pace for furnishing (-0.43 percent vs -0.90 percent) and education (-1.64 percent vs -1.70 percent). On a monthly basis, consumer prices were up 0.2 percent, after jumping by 0.4 percent in the prior month.
2021-06-14

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.