Portugal Inflation Rate  1961-2018 | Data | Chart | Calendar | Forecast

Annual inflation rate in Portugal rose to 1.6 percent in July of 2018 from 1.5 percent in June, matching the preliminary estimate. It was the highest inflation rate since April 2017, as prices increased faster mainly for housing & utilities; miscellaneous goods & services and restaurants & hotels. Inflation Rate in Portugal averaged 8.61 percent from 1961 until 2018, 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.

Portugal Inflation Rate
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Portugal July inflation Rate Confirmed at 15-Month High


Annual inflation rate in Portugal rose to 1.6 percent in July of 2018 from 1.5 percent in June, matching the preliminary estimate. It was the highest inflation rate since April 2017.

Year-on-year, inflation picked up mostly for: housing & utilities (2.60 percent vs 2.32 percent in June), namely rents (2.1 percent vs 1.9 percent); miscellaneous goods & services (1.58 percent vs 1.52 percent) and restaurants & hotels (4.82 percent vs 3.82 percent). 

On the other hand, prices slowed a bit for food & non-alcoholic beverages (1.19 percent vs 1.24 percent); transport (3.98 percent vs 4.06 percent) and remained almost flat for recreation and culture. Meantime, cost declined for clothing & footwear (-2.81 percent vs -2.74 percent) and furnishings (-0.48 percent vs -0.25 percent).

Annual core inflation, which excludes energy and unprocessed food products component was steady at 1.0 percent, in line with the preliminary estimate.

On a monthly basis, consumer prices inched down 0.6 percent as initially estimated, following a 0.1 percent increase in June. The main decrease in monthly consumer price index was recorded for clothing and footwear (-13.0 percent vs -1.3 percent), due to the usual start of the summer sales season in July.

The harmonized consumer price index rose by 2.2 percent year-on-year (2.0 percent in June) and decreased by 0.4 percent month-over-month (after being flat in June).


INE | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
8/10/2018 11:56:14 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-07-11 10:00 AM Inflation Rate YoY Final 1.5% 1% 1.6% 1.6%
2018-07-31 08:30 AM Inflation Rate YoY Prel 1.6% 1.5% 1.6%
2018-08-10 10:00 AM Inflation Rate YoY Final 1.6% 1.6% 1.6% 1.6%
2018-08-31 08:30 AM Inflation Rate YoY Prel 1.6% 1.4%
2018-09-12 10:00 AM Inflation Rate YoY Final 1.6% 1.4%
2018-09-28 08:30 AM Inflation Rate YoY Prel 1.5%


Portugal Prices Last Previous Highest Lowest Unit
Inflation Rate 1.60 1.50 53.90 -1.60 percent [+]
Inflation Rate Mom -0.60 0.10 8.30 -5.60 percent [+]
Harmonised Consumer Prices 104.16 104.57 104.57 43.89 Index Points [+]
Consumer Price Index CPI 103.66 104.29 104.29 1.09 Index Points [+]
Core Consumer Prices 103.48 104.31 104.31 4.95 Index Points [+]
Core Inflation Rate 0.98 0.95 31.27 -0.57 percent [+]
Producer Prices 103.90 103.30 107.50 92.00 Index Points [+]
Producer Prices Change 4.00 3.20 7.80 -7.30 percent [+]
CPI Housing Utilities 108.04 107.91 108.04 4.59 Index Points [+]
CPI Transportation 102.28 101.43 102.28 3.31 Index Points [+]
Food Inflation 1.19 1.24 38.68 -6.33 percent [+]
GDP Deflator 1.30 1.70 4.50 -1.10 percent [+]


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. This page provides - Portugal Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Inflation Rate - actual data, historical chart and calendar of releases - was last updated on August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.60 1.50 53.90 -1.60 1961 - 2018 percent Monthly
2012=100




inflation rate by Country
Country Last
Australia 2.10 Jun/18
Brazil 4.48 Jul/18
Canada 2.50 Jun/18
China 2.10 Jul/18
Euro Area 2.10 Jul/18
France 2.30 Jul/18
Germany 2.00 Jul/18
India 4.17 Jul/18
Indonesia 3.18 Jul/18
Italy 1.50 Jul/18
Japan 0.70 Jun/18
Mexico 4.81 Jul/18
Netherlands 2.10 Jul/18
Russia 2.50 Jul/18
South Korea 1.50 Jul/18
Spain 2.20 Jul/18
Switzerland 1.20 Jul/18
Turkey 15.85 Jul/18
United Kingdom 2.40 Jun/18
United States 2.90 Jul/18


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