The inflation rate in Portugal was unchanged at 1.5 percent in September of 2021, the same as in the two previous months, and in line with preliminary estimates. It remains the highest rate of inflation in 3 years, amid low base effects from last year and as the economy recovers from the pandemic hit. Inflation was mainly driven by costs of transports (6.4 percent vs 5.8 percent in August), housing & utilities (2.4 percent vs 2.3 percent), and Furnishing & household appliances (0.7 percent vs -0.1 percent), while downward pressure came from clothing & footwear (-2 percent vs -1.9 percent) and education (-1.2 percent vs -1.3 perecent). Core consumer prices, which exclude energy and unprocessed food products, went up 0.9 percent year-on-year the same as in the previous month. On a monthly basis, consumer prices incrceased 0.9 percent, following a 0.2 percent decrease in August. source: Statistics Portugal

Inflation Rate in Portugal averaged 8.19 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 October of 2021.

Inflation Rate in Portugal is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Inflation Rate is projected to trend around 1.50 percent in 2022 and 1.70 percent in 2023, according to our econometric models.

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Portugal Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-08-31 08:30 AM Inflation Rate YoY Prel Aug 1.5% 1.5% 1.6%
2021-09-10 10:00 AM Inflation Rate YoY Final Aug 1.5% 1.5% 1.5%
2021-09-30 08:30 AM Inflation Rate YoY Prel Sep 1.5% 1.5% 1.6%
2021-10-13 10:00 AM Inflation Rate YoY Final Sep 1.5% 1.5% 1.5%
2021-10-29 08:30 AM Inflation Rate YoY Prel Oct 1.5% 1.7%
2021-11-11 11:00 AM Inflation Rate YoY Final Oct 1.5%
2021-11-30 09:30 AM Inflation Rate YoY Prel Nov
2021-12-10 11:00 AM Inflation Rate YoY Final Nov


News Stream
Portugal Inflation at 3-Year High
The inflation rate in Portugal was unchanged at 1.5 percent in September of 2021, the same as in the two previous months, and in line with preliminary estimates. It remains the highest rate of inflation in 3 years, amid low base effects from last year and as the economy recovers from the pandemic hit. Inflation was mainly driven by costs of transports (6.4 percent vs 5.8 percent in August), housing & utilities (2.4 percent vs 2.3 percent), and Furnishing & household appliances (0.7 percent vs -0.1 percent), while downward pressure came from clothing & footwear (-2 percent vs -1.9 percent) and education (-1.2 percent vs -1.3 perecent). Core consumer prices, which exclude energy and unprocessed food products, went up 0.9 percent year-on-year the same as in the previous month. On a monthly basis, consumer prices incrceased 0.9 percent, following a 0.2 percent decrease in August.
2021-10-13
Portugal Inflation Rate Steady at 3-Year High
The annual inflation rate in Portugal is expected to remain at 1.5 percent in September of 2021, the same as in the two previous months, and remaining at levels not seen in 3 years, preliminary estimates showed. Energy prices likely surged 10.4 percent (vs 9.3 percent in August) while cost for non-processed food declined (-0.3 percent vs 0.2 percent). On a monthly basis, prices likely increased 0.9 percent, following a 0.2 percent decline in the previous month.
2021-09-30
Portugal Inflation Rate Remains at 3-Year High
Inflation rate in Portugal was unchanged at 1.5% in August of 2021, the same as in July and in line with preliminary estimates. It remains the highest rate of inflation in 3 years, amid low base effects from last year and as the economy recovers from the pandemic hit. Inflation was mainly driven by costs of transports (5.8 percent vs 5.3 percent), housing & utilities (2.3 percent vs 1.5 percent), and alcoholic beverages, tobacco & narcotics (1.6 percent vs 1.5 percent), while downward pressure came from clothing & footwear (-1.9 percent vs -0.6 percent). Core consumer prices, which exclude energy and unprocessed food products, went up 0.9 percent year-on-year, after a 0.8 percent increase in July. On a monthly basis, consumer prices retreated 0.2 percent, after a decrease of 0.35 percent in July.
2021-09-10
Portugal Inflation Rate Steady at 3-Year High
The annual inflation rate in Portugal is expected to remain at 1.5% in August of 2021, the same as in July, and remaining at levels not seen in 3 years, preliminary estimates showed. Energy prices likely surged 9.4% (vs 8.7% in July) while cost for non-processed food slowed (0.2% vs 0.6%). On a monthly basis, prices likely declined 0.2%, the second straight month of falling consumer prices.
2021-08-31

Portugal Last Unit Reference Previous Highest Lowest
Inflation Rate 1.50 percent Sep/21 1.50 53.90 -1.60
Inflation Rate Mom 0.90 percent Sep/21 -0.20 8.30 -5.60
Harmonised Consumer Prices 105.29 points Sep/21 104.41 105.50 43.89
Consumer Price Index CPI 105.74 points Sep/21 104.78 105.74 1.09
Core Inflation Rate 0.85 percent Sep/21 0.92 31.27 -0.57
Core Consumer Prices 105.30 points Sep/21 104.08 105.30 4.95
CPI Transportation 105.54 points Sep/21 105.57 105.57 3.31
CPI Housing Utilities 110.91 points Sep/21 110.66 110.91 4.59
Food Inflation 0.60 percent Aug/21 0.60 38.68 -6.33
Producer Prices Change 11.00 percent Aug/21 10.20 18.40 -7.40
Producer Prices 108.90 points Aug/21 108.00 108.90 93.50
GDP Deflator -1.00 percent Jun/21 1.80 4.50 -1.10


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.