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. 2014-04-25

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

TO

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%
[+]

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 1.10 100.30 2014-04-30 Index Points [+]
Core Inflation Rate -0.18 2014-03-15 0.11 31.27 -0.58 -0.03 2014-04-30 Percent [+]
Harmonised Consumer Prices 116.26 2014-03-15 114.67 117.13 114.67 119.18 2014-04-30 Index Points [+]
Inflation Rate Mom 1.36 2014-03-15 -0.26 8.35 -5.62 0.28 2014-04-30 Percent [+]
[+]


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.


RELATED NEWS

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.
Portuguese Trade Deficit Widens in February Over a Year Earlier  
The trade deficit increased to EUR 795.0 million in February of 2014, from EUR 744.4 million a year earlier, as exports increased by 4.7 percent and imports rose by 5.0 percent. Compared with January of 2014, the gap decreased from a revised EUR 956.0 million.
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.
Portugal Trade Deficit Widens in January on Rising Imports  
Portuguese trade deficit widened to € 925 million in January of 2014, from a revised € 888 million deficit in December and a € 599 million gap a year earlier. Imports from countries outside the EU surged as bad weather conditions in December affected the normal working schedule of the port terminals.
Portuguese GDP Advanced More than Expected in Q4  
The Portuguese economy expanded a revised 0.6 percent in the last quarter of 2013, up from the previous quarter's 0.3 percent growth. The final figure comes better than a 0.5 percent expansion previously reported, boosted by investment and exports.
Portuguese Economy Rebounds in Q4 2013  
In the last quarter of 2013, Portugal’s GDP advanced 0.5 percent over the previous quarter, accelerating from a 0.3 percent expansion in the previous three-month period, flash estimates showed.
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.
Portugal Posts the Lowest Trade Deficit in 17 Years  
In 2013, Portugal’s trade deficit shrank 15 percent over the previous year to € 9.28 billion, the lowest deficit since 1996. The coverage rate reached 83.6 percent, corresponding to a 3.0 p.p. increase over a year earlier.
Portuguese Unemployment Falls for 3rd Straight Quarter  
In the fourth quarter of 2013, Portugal’s jobless rate decreased for the third straight quarter to 15.3, from 15.6 percent in the previous three-month period. A year earlier, unemployment reached 16.9 percent.
Portuguese Inflation Rate Rises 0.2% in December  
In December of 2013, Portuguese annual inflation rate turned positive and rose 0.2 percent, after falling 0.2 percent in the previous two months, due to higher prices of health, food and alcoholic beverages.
MORE RELATED NEWS

LATEST NEWS

Tokyo Core CPI At 22- Year High in April  
Core consumer prices in Tokyo, a leading indicator of nationwide inflation, rose 2.7 percent in April from a year earlier, the fastest gain since 1992 as an increase in sales tax drove up cost of goods and services.
US Durable Goods Orders Surge in March  
New orders for manufactured durable goods in March increased $6.0 billion or 2.6 percent to $234.8 billion. This increase, up two consecutive months, followed a 2.1 percent February increase.
US Jobless Claims Rise in Latest Week  
In the week ending April 19, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 24,000 from the previous week's revised level. There were no special factors impacting this week's initial claims.
Central Bank of Turkey Leaves Main Rates on Hold  
The Monetary Policy Committee decided on April 24th, 2014, to leave the one-week repo rate on hold at 10.0 percent for the third straight meeting. The Central Bank said it will maintain the current policy stance until there is a significant improvement in the outlook for inflation.
Swiss Trade Surplus Narrows Further in March  
The trade surplus decreased 10.6 percent in March of 2014 from the previous month to CHF 2.1 billion as imports rose at a higher pace than exports. Compared with a year earlier, the trade balance increased by 17.2 percent, driven by stronger sales of pharmaceuticals and chemicals products, and machinery to Europe and China.
Polish Unemployment Rate Falls in March  
Poland’s jobless rate dropped for the second straight month in March of 2014 to 13.5 percent, down from 13.9 percent in February and below market forecasts. A year earlier, unemployment was recorded at 14.3 percent.
South Korean Economy Expands at a Fastest Pace  
In the first quarter of 2014, South Korea’s GDP accelerated for the fourth straight quarter to an annual 3.9 percent growth rate, driven by exports.
South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
MORE TOP NEWS

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News