Consumer prices in Portugal rose by 0.5 percent year-on-year in April of 2021, the same pace recorded in March and February, preliminary estimates showed. Such stability ends up hiding larger variations in inflation rates of goods, as prices of energy are expected to soar (8.06 percent vs 2.36 percent in March), thus offsetting an expected price drop for unprocessed food products (-1.11 percent vs 1.29 percent). On a monthly basis, consumer prices increased 0.4 percent, after having jumped by 1.41 in the prior month. source: Statistics Portugal
Inflation Rate in Portugal averaged 8.24 percent from 1961 until 2021, 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. This page provides - Portugal Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Inflation Rate in Portugal is expected to be 0.90 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 1.30 in 12 months time. In the long-term, the Portugal Inflation Rate is projected to trend around 1.40 percent in 2022 and 1.60 percent in 2023, according to our econometric models.