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.