Portugal Inflation Rate

The inflation rate in Portugal was recorded at -0.37 percent in March of 2014. Inflation Rate in Portugal is reported by the Statistics Portugal. Inflation Rate in Portugal averaged 9.26 Percent from 1961 until 2014, 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. In Portugal, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods. This page provides - Portugal Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-18

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-0.37 -0.08 53.90 -1.60 0.10 | 2014/04 1961 - 2014 Percent Monthly

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Portugal Inflation Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-13 11:00 AM Portugal
Inflation Rate YoY
Dec 2013 0.2% -0.2% -0.1% -0.07%
2014-02-12 11:00 AM Portugal
Inflation Rate YoY
Jan 2014 0.1% 0.2% 0.38%
2014-03-12 11:00 AM Portugal
Inflation Rate YoY
Feb 2014 -0.1% 0.1% 0.52%
2014-04-10 11:00 AM Portugal
Inflation Rate YoY
Mar 2014 -0.4% -0.1% 0.64%
2014-05-13 11:00 AM Portugal
Inflation Rate YoY
Apr 2014 -0.4% 0.1%
2014-06-12 11:00 AM Portugal
Inflation Rate YoY
May 2014 -0.15%
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Prices Last Previous Highest Lowest Forecast Unit
Inflation Rate -0.37 2014-03-31 -0.08 53.90 -1.60 0.10 2014-04-30 Percent [+]
Consumer Price Index (CPI) 100.27 2014-03-15 98.92 100.87 1.10 99.94 2014-03-31 Index Points [+]
Core Inflation Rate -0.18 2014-03-15 0.11 31.27 -0.58 0.09 2014-03-31 Percent [+]
Harmonised Consumer Prices 116.26 2014-03-15 114.67 117.13 114.67 113.54 2014-03-31 Index Points [+]
Inflation Rate Mom 1.36 2014-03-15 -0.26 8.35 -5.62 0.29 2014-04-30 Percent [+]
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Portugal Inflation Rate Down to 4-1/2-Year Low

Portugal’ annual inflation rate dropped to -0.37 percent in March of 2014, down from -0.08 percent in the previous month and 0.45 percent a year earlier. It is the lowest level since November of 2009.

Downward pressures came mostly from lower price of transports (-3.08 percent), recreation and culture (-1.48 percent), clothing and footwear (-1.02 percent). In contrast, prices increased for housing, water, electricity, gas and other fuels (2.1 percent), alcoholic beverages and tobacco (2.22 percent).

On a monthly basis, prices edged up 1.4 percent in March of 2014 following a 0.3 percent fall in the previous month, but decelerating from 1.7 percent a year ago. The main upward contribution was higher cost for clothing and footwear due to the introduction of new Spring and Summer collections. On the opposite side, cost fell for fish, diesel, cinemas, theatres, concerts, restaurants and cafés.

In March 2014, compared with February, prices of rents decreased 0.4 percent (from 1.6 percent in the previous month). 

INE | Isabel Felino | isabel.felino@tradingeconomics.com
4/11/2014 11:05:50 AM

RECENT RELEASES

Portugal Inflation Rate in Negative Territory
Portuguese annual inflation rate declined 0.1 percent in February of 2014, down from 0.1 percent in the previous month. Monthly inflation was recorded at -0.3 percent changing from -1.4 percent in January and -0.1 in February of 2013. Published on 2014-03-12

Portuguese Inflation Rate Slows in January
In January of 2014, Portuguese annual inflation rate slowed to 0.1 percent from 0.2 percent in the last month of 2013. On a monthly basis, prices fell sharply by 1.4 percent, the lowest rate in almost 38 years, due to lower cost of clothing and flights. Published on 2014-02-12


Inflation Rate | Notes
The data given on this page shows an annual change in the Consumer Price Index. The CPI measures changes in the price level of consumer goods and services purchased by households. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and services and averaging them. The items weight according to their importance. Depending on the country, the highest weights are usually given to the food, energy, housing, clothing, medical care, transportation and household equipment.


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