Portugal Inflation Rate  1961-2018 | Data | Chart | Calendar | Forecast

The Portuguese consumer price inflation stood at 1.5 percent year-on-year in December 2017, unchanged from the previous month's six month high. Main upward pressure came from transport, while housing inflation was steady and cost rose at a softer pace for food & non-alcoholic beverages, miscellaneous goods & services, and restaurants & hotels. In 2017 as a whole, the CPI increased 1.4 percent, after a 0.6 percent gain in 2016. Inflation Rate in Portugal averaged 8.69 percent from 1961 until 2017, 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.

Portugal Inflation Rate
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Portuguese Inflation Rate Unchanged at 6-Month High


The Portuguese consumer price inflation stood at 1.5 percent year-on-year in December 2017, unchanged from the previous month's six month high.

Year-on-year, prices rose for: transport (3.8 percent from 3.6 percent in November); housing and utilities (1.3 percent, the same as in November); food and non-alcoholic beverages (2.3 percent from 2.4 percent); miscellaneous goods and services (1.1 percent from 1.2 percent); restaurants and hotels (3 percent from 3.8 percent); recreation and culture (0.1 percent from 0.2 percent); and health (1 percent from 0.8 percent). Meanwhile, downward pressure came from: clothing and footwear (-3.4 percent from -3.6 percent); and furnishings, household equipment and routine maintenance of the house (-0.3 percent from -0.4 percent).

Annual core inflation rate, which excludes energy and unprocessed food products components, edged up to 1.2 percent from 1.1 percent in the previous month.

On a monthly basis, consumer prices were unchanged, after a 0.3 percent drop in November. An increase in prices of transport (1.6 percent) and housing and utilities (0.2 percent) was offset by a decline in prices of restaurants and hotels (-0.9 percent) and food and non-alcoholic beverages (-0.1 percent).

Considering 2017 as a whole, the CPI advanced 1.4 percent in 2017, compared to 0.6 percent in the previous year.

The harmonized consumer price index increased by 1.6 percent year-on-year and fell by 0.2 percent from the previous month. The index rose 1.6 percent in 2017, compared to 0.6 percent in 2016.


INE | Joana Ferreira | joana.ferreira@tradingeconomics.com
1/11/2018 11:24:56 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-11-13 11:00 AM Inflation Rate YoY 1.4% 1.4% 1.4% 1.5%
2017-12-14 11:00 AM Inflation Rate YoY 1.5% 1.4% 1.5%
2018-01-11 11:00 AM Inflation Rate YoY 1.5% 1.5% 1.7%
2018-02-12 11:00 AM Inflation Rate YoY 1.5% 1.50%
2018-03-12 11:00 AM Inflation Rate YoY 1.60% 1.50%
2018-04-12 10:00 AM Inflation Rate YoY 1.50%


Portugal Prices Last Previous Highest Lowest Unit
Inflation Rate 1.50 1.50 53.90 -1.60 percent [+]
Inflation Rate Mom 0.00 -0.30 8.30 -5.60 percent [+]
Harmonised Consumer Prices 102.37 102.53 103.64 43.89 Index Points [+]
Consumer Price Index CPI 102.97 103.02 103.39 1.09 Index Points [+]
Core Consumer Prices 103.25 103.27 103.85 4.95 Index Points [+]
Core Inflation Rate 1.18 1.11 31.27 -0.57 percent [+]
Producer Prices 101.10 101.11 107.50 92.00 Index Points [+]
Producer Prices Change 2.40 3.20 7.80 -7.30 percent [+]
CPI Housing Utilities 106.13 105.97 106.13 4.59 Index Points [+]
CPI Transportation 99.38 97.82 101.63 3.31 Index Points [+]
Food Inflation 2.28 2.43 38.68 -6.33 percent [+]
GDP Deflator 1.40 1.30 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 January of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.50 53.90 -1.60 1961 - 2017 percent Monthly
2012=100




inflation rate by Country
Country Last
Australia 1.80 Sep/17
Brazil 2.95 Dec/17
Canada 2.10 Nov/17
China 1.80 Dec/17
Euro Area 1.40 Dec/17
France 1.20 Dec/17
Germany 1.70 Dec/17
India 5.21 Dec/17
Indonesia 3.61 Dec/17
Italy 0.90 Dec/17
Japan 0.60 Nov/17
Mexico 6.77 Dec/17
Netherlands 1.30 Dec/17
Russia 2.50 Dec/17
South Korea 1.50 Dec/17
Spain 1.10 Dec/17
Switzerland 0.80 Dec/17
Turkey 11.92 Dec/17
United Kingdom 3.00 Dec/17
United States 2.10 Dec/17


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