The annual inflation rate in Portugal decreased to 0.5 percent in January of 2019 from 0.7 percent in the previous month and slightly above preliminary estimates of 0.4 percent. It is the lowest inflation rate since April, mainly due to lower prices of food, transport and housing & utilities. Inflation Rate in Portugal averaged 8.55 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 0.60 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.

Portugal Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-04 09:30 AM Inflation Rate YoY Prel 0.7% 0.9% 1.1%
2019-01-11 11:00 AM Inflation Rate YoY Final 0.7% 0.9% 0.7% 0.7%
2019-01-31 09:30 AM Inflation Rate YoY Prel 0.4% 0.7% 0.8%
2019-02-12 11:00 AM Inflation Rate YoY Final 0.5% 0.7% 0.4% 0.4%
2019-02-28 09:30 AM Inflation Rate YoY Prel 0.5% 0.6%
2019-03-12 11:00 AM Inflation Rate YoY Final 0.5%
2019-03-29 09:30 AM Inflation Rate YoY Prel 0.6%



Portugal Inflation Rate at 9-Month Low of 0.5%

The annual inflation rate in Portugal decreased to 0.5 percent in January of 2019 from 0.7 percent in the previous month and slightly above preliminary estimates of 0.4 percent. It is the lowest inflation rate since April, mainly due to lower prices of food, transport and housing & utilities.

Year-on-year, cost slowed for food and non-alcoholic beverages (0.2 percent from 0.3 percent in December); transport (0.7 percent from 1.5 percent); housing and utilities (0.6 percent from 2.5 percent); alcoholic beverages and tobacco (2.4 percent from 2.6 percent) and communication (0.2 percent from 0.4 percent). On the other hand, prices rose faster for miscellaneous goods and services (1.3 percent from 1.2 percent); restaurant and hotels (2.1 percent from 1.5 percent); health (1.2 percent from 1 percent) and education (1.4 percent from 1.2 percent). Meanwhile, prices rebounded for recreation and culture (0.1 percent from -0.1 percent) while continued to decrease for clothing and footwear (-3.1 percent from -3.9 percent). 

Annual core inflation, which excludes energy and unprocessed food products, increased to 0.8 percent in January, above December’s final reading of 0.6 percent and higher than flash estimates of 0.7 percent. 

On a monthly basis, consumer prices dropped 1.2 percent, following a 0.2 percent decline in December and in line with preliminary estimates. 

The harmonized consumer price index rose 0.6 percent year-on-year (the same as in December) and decreased 1.3 percent month-over-month (from a 0.4 percent fall in December).


INE | Agna Gabriel | agna.gabriel@tradingeconomics.com
2/12/2019 11:19:53 AM



Portugal Prices Last Previous Highest Lowest Unit
Inflation Rate 0.50 0.70 53.90 -1.60 percent [+]
Inflation Rate Mom -1.20 -0.20 8.30 -5.60 percent [+]
Harmonised Consumer Prices 101.73 103.02 105.03 43.89 Index Points [+]
Consumer Price Index CPI 102.41 103.66 104.46 1.09 Index Points [+]
Core Consumer Prices 102.40 103.83 104.40 4.95 Index Points [+]
Core Inflation Rate 0.77 0.56 31.27 -0.57 percent [+]
Producer Prices 103.20 103.70 107.50 92.00 Index Points [+]
Producer Prices Change 1.20 2.70 7.80 -7.30 percent [+]
CPI Housing Utilities 107.87 108.75 108.84 4.59 Index Points [+]
CPI Transportation 100.41 100.82 102.95 3.31 Index Points [+]
Food Inflation 0.24 0.30 38.68 -6.33 percent [+]
GDP Deflator 1.10 1.20 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.70 53.90 -1.60 1961 - 2019 percent Monthly
2012=100




Country Last Previous
Argentina 48.90 Jan/19
Australia 1.80 Dec/18
Brazil 3.78 Jan/19
Canada 2.00 Dec/18
China 1.70 Jan/19
Euro Area 1.40 Jan/19
France 1.20 Jan/19
Germany 1.40 Jan/19
India 2.05 Jan/19
Indonesia 2.82 Jan/19
Italy 0.90 Jan/19
Japan 0.30 Dec/18
Mexico 4.37 Jan/19
Netherlands 2.20 Jan/19
Russia 5.00 Jan/19
Saudi Arabia -1.90 Jan/19
Singapore 0.50 Dec/18
South Africa 4.50 Dec/18
South Korea 0.80 Jan/19
Spain 1.00 Jan/19
Switzerland 0.60 Jan/19
Turkey 20.35 Jan/19
United Kingdom 1.80 Jan/19
United States 1.60 Jan/19


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