Cost of food in Portugal increased 2.30 percent in August of 2020 over the same month in the previous year.
Food Inflation in Portugal averaged 6.84 percent from 1978 until 2020, reaching an all time high of 38.68 percent in December of 1983 and a record low of -6.33 percent in August of 2009. This page provides - Portugal Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Food Inflation - values, historical data and charts - was last updated on September of 2020.
Food Inflation in Portugal is expected to be 1.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Portugal to stand at 1.40 in 12 months time. In the long-term, the Portugal Food Inflation is projected to trend around 1.80 percent in 2021 and 2.00 percent in 2022, according to our econometric models.