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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

Portugal March Inflation Rate Revised Lower
Portugal's consumer prices were unchanged from a year earlier in March 2020, instead of a 0.1 percent advance previously estimated and compared to February's 0.4 percent rise. A decline in prices of transport (-1.6 percent vs 0.9 percent in February), recreation & culture (-2.0 percent vs -1.6 percent) and clothing & footwear (-1.7 percent vs -2.9 percent) was enough to offset an increase in costs of food and non-alcoholic beverages (1.2 percent vs 0.8 percent), miscellaneous goods & services (1.5 percent vs 1.4 percent), housing & utilities (0.8 percent vs 1.1 percent), and restaurants & hotels (2.1 percent vs 2.3 percent). On a monthly basis, consumer prices rose 1.4 percent, after a 0.6 percent fall in the previous month.
Published on 2020-04-13

Portugal Inflation Rate at 5-Month Low of 0.1% in March
Portugal's annual inflation rate is expected to ease to 0.1 percent in March of 2020 from 0.4 percent in the previous month, a preliminary estimate showed. It was the lowest inflation since October 2019, mainly due to a decline in energy prices (-3.1 percent vs 1 percent in February). Meanwhile, unprocessed food cost is seen rising at a faster 3 percent, compared to 2.2 percent the month before. The annual core inflation rate is likely to show no growth in March, after increasing 0.1 percent. On a monthly basis, consumer prices are expected to jump 1.5 percent, after a 0.6 percent decline in February.
Published on 2020-03-31

Portugal Inflation Rate Slows to 0.4%
The inflation rate in Portugal eased to 0.4% in February of 2020 from a nine-month high of 0.8% in January, matching preliminary figures. Main downward pressure came from cost of clothing and footwear (-2.9% vs -1.9% in January), communication (-4.3% vs -4.6%) and recreation and culture (-1.6% vs -1.3%). In contrast, biggest upward contribution came from prices of restaurants and hotels (2.3% from 1.9%) and food and non-alcoholic beverages (0.83% from 0.79%). On a monthly basis, consumer prices dropped 0.6%, the 4th straight decline.
Published on 2020-03-11

Portugal Inflation Rate Slows to 0.4% in February
Portugal's annual inflation rate is expected to ease to 0.4 percent in February 2020 from a nine-month high of 0.8 percent in the previous month, a preliminary estimate showed, mainly due to a slowdown in energy inflation (0.9 percent vs 3.2 percent in January). Meanwhile, unprocessed food prices are seen rising at a faster 2.3 percent, compared to 2.0 percent the month before. Annual core inflation rate is likely to fall to 0.1 percent from 0.4 percent. On a monthly basis, consumer prices are expected to fall 0.6 percent, after a 0.8 percent decline in January.
Published on 2020-02-28

Portugal Inflation Rate Confirmed at 9-Month High
The annual inflation rate in Portugal increased to 0.8 percent in January of 2020 from 0.4 percent in December, in line with the preliminary figures. It is the highest rate in nine months, mainly driven by cost of food (0.8 percent vs 0.2 percent in December); transport (3 percent vs 1.8 percent); housing and utilities (1.1 percent vs 0 percent); and alcoholic beverages and tobacco (2 percent vs 0.9 percent). On the other hand, cost of recreation and culture declined 1.3 percent (+0.7 percent in December ) and prices of clothing and footwear continued to drop (-1.9 percent vs 2 percent). On a monthly basis, consumer prices consumer prices fell 0.8 percent, slightly less than a 0.9 percent decline in the preliminary estimate.
Published on 2020-02-12

Portugal Inflation Rate Highest in 9 Months
The annual inflation rate in Portugal increased to 0.8 percent in January of 2020 from 0.4 percent in December. It is the highest rate in nine months, preliminary figures showed. Energy prices are seen jumping (3.13 percent vs 0.02 percent) and cost of non-processed food is expected to rise faster (1.93 percent vs 1.21 percent). On a monthly basis, consumer prices fell 0.9 percent after a 0.1 percent drop in December. The harmonized index rose 0.8 percent year-on-year and fell 0.8 percent month-over-month.
Published on 2020-01-31

Portugal Inflation Confirmed at 6-Month High
Portugal's consumer price inflation was confirmed at 0.4 percent year-on-year in December 2019, the highest in six months and compared to November's 0.3 percent. Main upward pressure came from transport (1.8 percent vs 0.8 percent), restaurants & hotels (1.9 percent vs 1.6 percent), and recreation & culture (0.7 percent vs 0.6 percent). Meanwhile, inflation slowed for food & non-alcoholic beverages (0.2 percent vs 0.3 percent) and miscellaneous goods & services (1.3 percent vs 1.5 percent). Housing prices were flat (vs -0.3 percent in November) while clothing & footwear costs dropped further (-2.0 percent vs -1.6 percent). Excluding energy and unprocessed food prices, the index rose 0.4 percent, compared to 0.6 percent in the previous month. Considering 2019 full year, the average inflation slowed to 0.3 percent from 1.0 percent in 2018.
Published on 2020-01-13

Portugal Inflation Rate Rises to 6-Month High
The annual inflation rate in Portugal in expected to increase to 0.4 percent in December 2019 from 0.3 percent in November, preliminary estimates showed. It is the higher inflation since June, as unprocessed food products are seen rising 1.2 percent (vs 1.0 percent in November) and energy costs are likely to be flat (vs -3.2 percent). Annual core inflation rate, which excludes prices of energy and unprocessed food products, is likely to decrease to 0.4 percent from 0.6 percent. On a monthly basis, consumer prices are seen falling 0.1 percent, the same as in the previous month. The harmonised index of consumer prices is expected to rise 0.4 percent year-on-year (-0.2 percent in November) and fall 0.3 percent month-over-month (-0.7 percent in November).
Published on 2020-01-02

Portugal November Inflation Confirmed at 0.3%
Portugal's consumer price inflation was confirmed at 0.3 percent year-on-year in November 2019, the first month of price increase since June, mainly boosted by a rebound in transport costs. Upward pressure came also from restaurants & hotels and recreation & culture, while inflation eased for both food & non-alcoholic beverages and miscellaneous goods & services. Core consumer prices, which exclude prices of energy and unprocessed food products, rose 0.6 percent from a year earlier in November, accelerating from a 0.3 percent gain in the previous month. On a monthly basis, consumer prices dropped 0.1 percent, after being unchanged in October.
Published on 2019-12-11

Portugal Consumer Prices Rebound
The annual inflation rate in Portugal in expected to rebound to 0.3 percent in November of 2019 from a flat reading in October, preliminary estimates showed. It is the first rise in consumer prices in five months, with energy deflation slowing. On a monthly basis, consumer prices are seen falling 0.1 percent, following a flat reading last month.
Published on 2019-11-29

Portugal Consumer Prices Confirmed Flat in October
Consumer prices in Portugal were unchanged from the previous year in October 2019, after a 0.1 percent decrease in the previous month and in line with market expectations. Cost rebounded for food and non-alcoholic beverages and restaurant and hotels while inflation was steady for health and miscellaneous goods and services. On a monthly basis, consumer prices showed no growth, compared with a 1.1 percent rise in the previous month and matching earlier estimates.
Published on 2019-11-13

Portugal Consumer Prices Flat in October
Consumer prices in Portugal are expected to remain unchanged from the previous year in October 2019, following three straight months of deflation, a preliminary estimate showed. A solid increase in unprocessed food products prices is likely to offset a sharp decline in energy costs.
Published on 2019-10-31

Portugal Deflation Confirmed for 3rd Month
Portugal's consumer prices fell 0.1 percent from a year earlier in September 2019, unrevised from the preliminary estimate and unchanged from the previous month. It was the third consecutive month of deflation. The largest downward pressure came from communications, clothing & footwear and recreation & culture.
Published on 2019-10-10

Portugal Consumer Prices Fall for 3rd Straight Month
Consumer prices in Portugal dropped 0.1 percent year-on-year in September 2019, the same pace as in the previous month, preliminary estimates showed. It is the third consecutive months of deflation, as energy cost should decline at a faster pace, according to flash estimates.
Published on 2019-09-30

Portugal Deflation Confirmed for 2nd Month
Portugal's consumer prices fell 0.1 percent from a year earlier in August 2019, unrevised from the preliminary estimate and following a 0.3 percent decline in the previous month. The largest downward pressure came from housing & utilities and clothing & footwear.
Published on 2019-09-11