Consumer prices in Portugal are expected to fall 0.1 percent year-on-year in October of 2020, the same pace as in the previous month, a preliminary estimate showed. Energy cost will probably drop at a faster pace (-6 percent vs -5.6 percent in September) while unprocessed food inflation should pick up (4.6 percent vs 4.2 percent). Core consumer prices, which exclude food and energy, is seen declining 0.1 percent from the previous year, the 0.1 percentage points higher than September. On a monthly basis, consumer prices are expected to rise 0.1 percent, easing from a 1 percent gain in the prior month
Inflation Rate in Portugal averaged 8.30 percent from 1961 until 2020, 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 October of 2020.
Inflation Rate in Portugal is expected to be 0.10 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 1.10 percent in 2021 and 1.50 percent in 2022, according to our econometric models.