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Portugal Inflation Rate Confirmed at 11-Month High
Annual inflation rate in Portugal was confirmed at 0.3 percent in January of 2021, in line with preliminary estimates. It is the first increase in consumer prices in 6 months and the biggest since February 2020. Cost fell at a softer pace for transport (-1.9 percent vs -2.5 percent); recreation & culture (-0.5 percent vs -2.1 percent); clothing & footwear (-1.5 percent vs -4.4 percent) and education (-1.4 percent vs -1.5 percent). Meantime, prices continued to rise for fodd & non-alcoholic beverages (1 percent vs 1.5 percent); miscellaneous goods & services (1.3 percent vs 1 percent); and restaurant & hotels (0.8 percent vs 0.9 percent). On the other hand, housing & utilities cost edged down 0.1 percent, after being unchanged in December. On a monthly basis, consumer prices went down 0.3 percent, following a 0.1 percent drop in December.
Published on 2021-02-10

Portugal Inflation Rebounds to Pre-Pandemic Levels
Consumer prices in Portugal grew by 0.3 percent year-on-year in January of 2021, the most in 5 months and rebounding from 0.2 percent decline in December as energy prices decreased at a slower rate (-4.43 percent vs -4.89 percent in December). On a monthly basis, consumer prices edged down 0.3 percent.
Published on 2021-01-29

Portugal CPI Falls 0.2%
Consumer prices in Portugal fell 0.2 percent year-on-year in December of 2020, the same as in November, and in line with preliminary estimates. It is the 4th consecutive month of deflation, as cost fell more for recreation and culture (-2.1 percent vs -1.3 percent) and clothing and footwear (-4.4 percent vs -3.7 percent) and continued to decline for transportation (-2.5 percent vs -3.2 percent). Also, food inflation slowed (1.5 percent vs 2.1 percent). On the other hand, prices increased faster for alcoholic beverages and tobacco (1.4 percent vs 0.5 percent). On a monthly basis, consumer prices edged down 0.1 percent, also in line with preliminary figures. Considering full 2020, consumer prices were flat, compared to a 0.3 percent rise in 2019.
Published on 2021-01-13

Portugal in Deflation Territory for 4th Month
Consumer prices in Portugal fell 0.2 percent year-on-year in December of 2020, the same as in November, preliminary estimates showed. It is the 4th consecutive month of falling consumer prices, with cost of energy recording the biggest decline (-4.9 percent) while prices of unprocessed food products jumped 2.6 percent. On a monthly basis, consumer prices edged down 0.1 percent.
Published on 2021-01-04

Portugal Deflation Deepens in November
Consumer prices in Portugal fell 0.2% from a year earlier in November of 2020, following a 0.1% drop in October and in line with preliminary estimates. The country stayed in deflation for the third month after a brief rise in the CPI in July and June. Main downward pressure came from prices of transport (-3.3% vs -2.9% in October); clothing & footwear (-3.7% vs -2.9%); recreation & culture (-1.3% vs -0.3%); communications (-1.5% vs -1.3%) and education (-1.5%, the same pace as in October). At the same time, inflation slowed for food & non-alcoholic beverages (2.1% vs 2.5%) and miscellaneous goods & services (1.2% vs 1.7%). Housing & utilities cost remained flat. On a monthly basis, consumer prices went down 0.3%, down from a 0.1% increase in October and matching an earlier estimate.
Published on 2020-12-14

Portugal Consumer Prices Fall Faster in November
Consumer prices in Portugal are expected to fall 0.2 percent year-on-year in November of 2020, following a 0.1 percent decrease in the previous month, a preliminary estimate showed. Energy cost will probably drop at a faster pace (-6.1 percent vs -6 percent in October) and unprocessed food inflation should ease (3.9 percent vs 4.5 percent). Core consumer prices, which exclude food and energy, is seen declining 0.2 percent from the previous year. On a monthly basis, consumer prices are expected to decrease 0.3 percent, down from a 0.1 percent increase in October.
Published on 2020-11-30

Portugal in Deflation for 2nd Month
Consumer prices in Portugal fell 0.1 percent year-on-year in October of 2020, the same as in September and in line with preliminary estimates. The country stayed in deflation for the second month after a brief rise in the CPI in July and June. Main downward pressure came from cost of transportation (-2.9 percent vs -3.2 percent, namely energy); education (-1.5 percent vs -0.8 percent); clothing and footwear (-2.9 percent vs -2.4 percent); and recreation and culture (-0.3 percent vs 0.2 percent). On the other hand, prices of food and non-alcoholic beverages (2.5 percent vs 2 percent) and health (1.4 percent vs 1.3 percent) rose faster. On a monthly basis, consumer prices edged up 0.1 percent, following a 1 percent jump in September.
Published on 2020-11-11

Portugal Consumer Prices Drop for 2nd Month
Consumer prices in Portugal are expected to fall 0.1 percent year-on-year in October of 2020, the same pace as in the previous month, a preliminary estimate showed. Energy cost will probably drop at a faster pace (-6 percent vs -5.6 percent in September) while unprocessed food inflation should pick up (4.6 percent vs 4.2 percent). Core consumer prices, which exclude food and energy, is seen declining 0.1 percent from the previous year, the 0.1 percentage points higher than September. On a monthly basis, consumer prices are expected to rise 0.1 percent, easing from a 1 percent gain in the prior month
Published on 2020-10-30

Portugal Consumer Prices Fall in September
Consumer prices in Portugal fell 0.1 percent year-on-year in September 2020, in line with the preliminary estimates, and after a flat reading in August. Prices dropped for clothing & footwear (-2.4 percent vs 0.3 percent in August); and restaurants & hotels (-0.7 percent vs 1.7 percent). Also, cost continued to decline for transportation (-3.2 percent, the same as in August); communication (-1.1 percent vs -1 percent); and alcoholic beverages & tobacco (-0.1 percent vs -0.2 percent). In addition, food inflation slowed (2.0 percent vs 2.3 percent) while prices of housing & utilities were unchanged (vs 0.1 percent in August. On a monthly basis, consumer prices increased 1 percent, rebounding from a 0.3 percent fall in the prior month and matching initial forecasts.
Published on 2020-10-13

Portugal Consumer Prices Drop in September
Consumer prices in Portugal are expected to decrease 0.1 percent year-on-year in September of 2020, after showing no growth in the previous month, a preliminary estimate showed. Energy cost will probably fall at a faster pace (-5.5 percent vs -4.9 percent in August) while unprocessed food inflation should be steady (at 4.2 percent). Core consumer prices, which exclude food and energy, is seen edging down 0.1 percent from the previous year, the same as in August. On a monthly basis, consumer prices are expected to jump 1 percent, after a 0.3 percent drop in the previous month.
Published on 2020-09-30

Portugal Inflation Rate Stalls in August
Consumer prices in Portugal were flat year-on-year in August of 2020, in line with the preliminary estimates, and following a 0.1 percent gain in each of the previous two months. Cost of restaurants and hotels increased faster (1.7 percent vs 1.2 percent in July) and prices of alcoholic beverages and tobacco declined less (-0.2 percent vs -0.6 percent). On the other hand, food inflation slowed (2.3 percent vs 2.7 percent) and prices fell further for transportation (-3.2 percent vs -2.6 percent) and communication (-1 percent vs -0.6 percent). On a monthly basis, consumer prices were down 0.3 percent, more than initial forecasts of a 0.2 percent fall.
Published on 2020-09-10

Portugal Inflation Rate Unchanged in July
Portugal's consumer prices are expected to show no growth from a year earlier in July of 2020, after a 0.1 percent gain in the previous month, a preliminary estimate showed. Unprocessed food cost will probably increase at a slower pace (4.2 percent vs 4.8 percent in July), while energy deflation should soften (-5 percent vs -5.3 percent). Core consumer prices, which exclude food and energy, is seen unchanged from the previous year, following a 0.1 percent increase in June. On a monthly basis, consumer prices are expected to decrease 0.2 percent, after a 1.3 percent drop in June.
Published on 2020-08-31

Portugal July Inflation Rate Revised Lower
Portugal's inflation rate was revised slightly lower to 0.1 percent year-on-year in July 2020, from a preliminary estimate of 0.2 percent and remaining unchanged from the previous month's figure. Upward pressure came from food and non-alcoholic beverages (2.7 percent vs 3.2 percent in June), housing and utilities (0.2 percent vs -0.9 percent), restaurants and hotels (1.3 percent vs 3.8 percent) and miscellaneous goods and services (1.4 percent vs 1.1 percent). At the same time, prices continued to fall for transport (-2.6 percent vs -2.0 percent) and recreation and culture (-2.8 percent vs -3.1 percent). On a monthly basis, consumer prices fell 1.3 percent, after a 0.9 percent increase in June.
Published on 2020-08-12

Portugal Inflation Rate Edges Up to 0.2%
The inflation rate in Portugal edged up to 0.2 percent in July of 2020 from 0.1 percent in June, preliminary estimates showed. Prices of non-processed food are seen posting the biggest gain (4.8 percent) and energy cost the sharpest fall (-5.3 percent). On a monthly basis, consumer prices dropped 1.3 percent, the biggest decline in a year.
Published on 2020-07-31

Portugal Consumer Prices Rebound Slightly in June
Consumer prices in Portugal increased 0.1% year-on-year in June of 2020, following a 0.7% fall in the previous month and slightly below a preliminary estimate of a 0.2% rise. It was the first increase in consumer prices since February, on the back of continued easing of Covid-19 related restrictions. Main upward pressure came from prices of food & non-alcoholic beverages (3.2% vs 2.3% in May) and restaurants & hotels (3.8% vs 3.3%). In addition, costs fell less for transport (-2% vs -4.2%); clothing & footwear (-5.4% vs -7.3%) and communications (-0.8% vs -1.3%). Meanwhile, prices declined further for housing & utilities (-0.9 percent vs -0.8 percent). Core consumer prices were up 0.2%, after dropping 0.4% in May. On a monthly basis, consumer prices rose 0.9%, after decreasing 0.4% in the previous month and matching the preliminary estimate. The main positive contribution came from transport prices (2.3% vs -1.3%).
Published on 2020-07-10

Portugal Consumer Prices Rebound in June
Portugal's consumer prices are expected to rise 0.2 percent on year in June 2020, rebounding from a 0.7 percent decline in the previous month, a preliminary estimate showed. Unprocessed food cost will probably increase at a faster pace (5.2 percent vs 5.0 percent), while energy deflation should soften (-7.6 percent vs -10.9 percent). Core consumer prices, which exclude food and energy, is seen advancing 0.3 percent, also recovering from May's 0.4 percent fall. On a monthly basis, consumer prices are expected to jump 0.9 percent, after a 0.5 percent drop in May.
Published on 2020-06-30

Portugal Consumer Prices Fall the Most Since 2014
Consumer prices in Portugal decreased 0.7% year-on-year in May of 2020, following a 0.2% drop in the previous month and in line with preliminary estimates. It was the biggest drop in consumer prices since July of 2014, as cost fell faster for transport (-4.2% vs -3.3% in April); housing & utilities (-0.8% vs -0.7%); clothing & footwear (-7.3% vs -7%) and furnishings & household goods (-1.1% vs -0.3%). At the same time, prices dropped for recreation & culture (-3.1% vs -4.3%); alcoholic beverages & tobacco (-0.3% vs 0.5%); communication (-1.3% vs -4.3%) and education (-0.6%, the same as in April). Meantime, cost continued to increase for food and non-alcoholic beverages (2.3% vs 3.8%); miscellaneous goods & services (0.8% vs 0.7%); restaurants & hotels (3.3% vs 3.2%) and health (0.6% vs 0.9%). On a monthly basis, consumer prices went down 0.4%, after a 0.3% increase in April.
Published on 2020-06-12

Portugal Consumer Prices Fall the Most Since 2014
Portugal's consumer prices are expected to decline 0.7 percent year-on-year in May of 2020, following a 0.2 percent fall in the previous month. It was the biggest drop in consumer prices since July of 2014, amid a steeper decrease in energy prices (-11.2 percent vs -9.4 percent) and a slowdown in unprocessed food cost (5 percent vs 6.5 percent). Core consumer prices are set to decrease 0.4 percent, after falling 0.2 percent in April. On a monthly basis, consumer prices are likely to drop 0.4 percent, after rising 0.3 percent in the prior month.
Published on 2020-05-29

Portugal Consumer Prices Fall in April
Portugal's consumer prices decreased 0.2 percent from a year earlier in April of 2020, instead of being unchanged as previously thought and after being flat in the previous month. Main downward pressure came from prices of clothing & footwear (-7 percent vs -1.7 percent in March); transport (-3.3 percent vs -1.6 percent); communications (-4.3 percent, the same pace as in March) and recreation & culture (-2.4 percent vs -2 percent), amid Covid-19 lockdown measures to contain the spread of the novel coronavirus. In contrast, inflation continued to advance for food & non-alcoholic beverages (3.8 percent vs 1.2 percent) and restaurants & hotels (3.2 percent vs 2.1 percent). On a monthly basis, were up 0.3 percent, compared to an earlier estimate of a 0.6 percent increase and after rising 1.4 percent in the previous month.
Published on 2020-05-13

Portugal Inflation Rate Unchanged in April
Portugal's consumer prices are expected to show no growth for the second consecutive month in April of 2020, according to a preliminary estimate. A steeper decline in energy prices (-9.1 percent vs -3.7 percent in March) should offset the jump in unprocessed food cost (8.4 percent vs 2.9 percent). Core consumer prices are set to decrease 0.1 percent from a year earlier, the first drop since last July, after being flat in the previous month. On a monthly basis, consumer prices are likely to increase 0.6 percent, after rising 1.4 percent in the previous month.
Published on 2020-04-30