Consumer prices in Portugal are expected to increase 0.9 percent year-on-year in March of 2019, the same as in February, as cost of energy rebounded and prices of unprocessed food rose at a softer pace, preliminary estimates showed. Annual core inflation rate, which excludes prices of energy and unprocessed food products is expected to decrease to 0.7 percent from 1 percent in February. On a monthly basis, consumer prices are set to rise 1.8 percent, after a 0.2 percent drop in the previous month. Inflation Rate in Portugal averaged 8.53 percent from 1961 until 2019, 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.
Inflation Rate in Portugal is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Portugal to stand at 1.20 in 12 months time. In the long-term, the Portugal Inflation Rate is projected to trend around 1.90 percent in 2020, according to our econometric models.