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. source: Statistics Portugal

Inflation Rate in Portugal averaged 8.20 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 September of 2021.

Inflation Rate in Portugal is expected to be 1.70 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

Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.50 53.90 -1.60 1961 - 2021 percent Monthly
2012=100


Calendar GMT Actual Previous Consensus TEForecast
2021-07-30 08:30 AM Inflation Rate YoY Prel Jul 1.5% 0.5% 1%
2021-08-11 10:00 AM Inflation Rate YoY Final Jul 1.5% 0.5% 1.5%
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% 1.6%
2021-10-13 10:00 AM Inflation Rate YoY Final Sep 1.5%
2021-10-29 09:30 AM Inflation Rate YoY Prel Oct
2021-11-11 11:00 AM Inflation Rate YoY Final Oct


News Stream
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 Inflation Rate at 3-Year High
Consumer prices in Portugal increased 1.5 percent in July of 2021, quickening from a 0.5 percent advance, as expected. It was the highest inflation rate since July of 2018, despite fading baseline effects, mainly driven by costs of transports (5.3 percent vs 3.8 percent) and alcoholic beverages & tobacco (1.5 percent vs 0.1 percent), while downward pressure eased markedly in restaurants & hotels (-1.2 percent vs -6.2 percent). In addition, prices rebounded in food & non-alcoholic beverages (0.6 percent vs -0.2 percent) and gained momentum in communication (0.9 percent vs 0.2 percent). Core consumer prices, which excludes energy and unprocessed food products, went up 0.9 percent year-on-year, after a 0.3 percent decline in June and compared to a previous estimate of a 0.9 percent fall. On a monthly basis, consumer prices retreated 0.3 percent, following a 0.2 percent gain in June and came in line with expectations.
2021-08-11
Portugal Inflation Rate Rises to 3-Year High
Consumer prices in Portugal surged to 1.5 percent year-on-year in July of 2021, accelerating from a 0.5 percent rise in the previous month preliminary estimates showed. It would be the highest inflation rate since July 2018. The core inflation index, which excludes energy and unprocessed food products components, was 0.9% (-0.3% in the previous month). The annual rate of change of the index for energy products is estimated to be 8.7% (9.0% in June) and the estimated rate for unprocessed food is 0.6% (0.1% in the previous month). The estimate of the Portuguese Harmonised Index of Consumer Prices annual rate of change was 1.1 percent (-0.6 percent in the previous month). On a monthly basis, consumer prices are seen edging down 0.3 percent, after a 0.2 percent increase in June.
2021-07-30

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.