The annual inflation rate in Portugal dropped to 0.8 percent in March 2019 from 0.9 percent in February and slightly below an initial estimate of 0.9 percent. Prices slowed mainly for food and miscellaneous goods & services while they rose further for transport and housing & utilities. 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 1.50 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
2019-02-28 09:30 AM Inflation Rate YoY Prel 0.9% 0.5% 0.6%
2019-03-12 11:00 AM Inflation Rate YoY Final 0.9% 0.5% 0.9% 0.9%
2019-03-29 09:30 AM Inflation Rate YoY Prel 0.9% 0.9% 1%
2019-04-10 10:00 AM Inflation Rate YoY Final 0.8% 0.9% 0.9% 0.9%
2019-04-30 08:30 AM Inflation Rate YoY Prel
2019-05-10 10:00 AM Inflation Rate YoY Final
2019-05-30 08:30 AM Inflation Rate YoY Prel



Portugal Inflation Rate at 0.8% in March

The annual inflation rate in Portugal dropped to 0.8 percent in March 2019 from 0.9 percent in February and slightly below an initial estimate of 0.9 percent. Prices slowed mainly for food and miscellaneous goods & services while they rose further for transport and housing & utilities.

Prices advanced at a slower pace primarily for food & non-alcoholic beverages (1.2 percent vs 1.3 percent in February); miscellaneous goods & services (1.5 percent vs 1.7 percent) and restaurants & hotels (1.2 percent vs 1.7 percent). In addition, cost fell for recreation & culture (-0.9 percent vs 0.1 percent) and clothing & footwear (-2.5 percent vs -3.3 percent) and furnishings (-0.7 percent vs -0.2 percent).

In contrast, inflation edged higher for transport (2.5 percent vs 2.3 percent), namely fuels (4.5 percent vs 0.7 percent) and housing & utilities (0.8 percent vs 0.5 percent), of which rents (3.0 percent vs 2.9 percent).

Annual core inflation rate, which excludes prices of energy and unprocessed food products fell to 0.7 percent in March 2019 from 1.0 percent in February, in line with earlier figures.

On a monthly basis, consumer prices rose 1.8 percent, following a 0.2 percent drop in the prior month and matching the initial estimate. Main upward pressure came from prices of clothing & footwear (26.1 percent vs -4.6 percent), mainly due to the end of sales season; restaurants & hotels (1.4 percent vs -0.1 percent); transport (0.7 percent vs 0.5 percent) and housing & utilities (0.3 percent vs 0.1 percent).

The harmonized consumer price index rose 0.8 percent year-on-year (vs 0.9 percent in February) and increased 2.1 percent month-over-month (-0.3 in February).



INE | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
4/10/2019 12:27:26 PM



Portugal Prices Last Previous Highest Lowest Unit
Inflation Rate 0.80 0.90 53.90 -1.60 percent [+]
Inflation Rate Mom 1.80 -0.20 8.30 -5.60 percent [+]
Consumer Price Index CPI 104.00 102.19 104.46 1.09 Index Points [+]
Harmonised Consumer Prices 103.53 101.45 105.03 43.89 Index Points [+]
Core Consumer Prices 104.22 102.05 104.40 4.95 Index Points [+]
Core Inflation Rate 0.70 0.98 31.27 -0.57 percent [+]
Producer Prices 103.30 103.30 107.50 92.00 Index Points [+]
Producer Prices Change 1.00 1.30 7.80 -7.30 percent [+]
CPI Housing Utilities 108.27 107.97 108.84 4.59 Index Points [+]
CPI Transportation 101.55 100.87 102.95 3.31 Index Points [+]
Food Inflation 1.16 1.26 38.68 -6.33 percent [+]
GDP Deflator 1.10 1.10 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.90 53.90 -1.60 1961 - 2019 percent Monthly
2012=100




Country Last Previous
Argentina 54.70 Mar/19
Australia 1.80 Dec/18
Brazil 4.58 Mar/19
Canada 1.90 Mar/19
China 2.30 Mar/19
Euro Area 1.40 Mar/19
France 1.10 Mar/19
Germany 1.30 Mar/19
India 2.86 Mar/19
Indonesia 2.48 Mar/19
Italy 1.00 Mar/19
Japan 0.50 Mar/19
Mexico 4.00 Mar/19
Netherlands 2.80 Mar/19
Russia 5.30 Mar/19
Saudi Arabia -2.20 Feb/19
Singapore 0.50 Feb/19
South Africa 4.50 Mar/19
South Korea 0.40 Mar/19
Spain 1.30 Mar/19
Switzerland 0.70 Mar/19
Turkey 19.71 Mar/19
United Kingdom 1.90 Mar/19
United States 1.90 Mar/19


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