The annual inflation rate in Portugal likely increased to 8.7 in June of 2022, the highest since December of 1992, compared to 8.0 percent in May, preliminary estimates showed. Energy prices surged 31.7 percent, the most significant gain since August 1984, while food costs jumped 11.9 percent. Consumer prices were up 0.8 percent compared to the previous month, following a 1.0 percent surge in May. source: Statistics Portugal
Inflation Rate in Portugal averaged 8.15 percent from 1961 until 2022, 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 July of 2022.
Inflation Rate in Portugal is expected to be 8.70 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 2.20 percent in 2023 and 1.20 percent in 2024, according to our econometric models.