Portugal Inflation Rate 1961-2015 | Data | Chart | Calendar | Forecast

The inflation rate in Portugal was recorded at -0.40 percent in January of 2015. Inflation Rate in Portugal averaged 9.12 percent from 1961 until 2015, 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. Inflation Rate in Portugal is reported by the Statistics Portugal.

      Forecast    
Portugal Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
-0.40 -0.40 53.90 -1.60 1961 - 2015 percent Monthly
2012=100
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. Content for - Portugal Inflation Rate - was last refreshed on Saturday, February 28, 2015.


Portugal Inflation Rate at -0.4% in January


Portuguese consumer prices fell by an annual 0.4 percent in January of 2015, the same as in December of 2014, largely due to an 8 percent drop in energy cost.

Year-on-year, additional downward pressures came from transport (-4.2 percent); clothing and footwear (-1.48 percent) and leisure and culture (-1.32 percent). Food prices contracted marginally by 0.13 percent. In contrast, prices rose for restaurants and hotels (+1.34 percent), housing, water, electricity and gas (+1.05 percent) and for household equipment (+0.99 percent).

Housing rents for the whole country rose 2.6 year-on-year in January, with Lisbon registering the highest increase (4.2 percent) and Azores the lowest (-2.4 percent).

Annual core inflation rate, which excludes energy and unprocessed food, was 0.3 percent in January, the same as in December. 

On a monthly basis, the inflation rate was recorded at -1.4 percent, after being flat in the previous month, mainly due to an 18.6 percent drop in clothing and footwear prices, as a result of the discount period.

The harmonized index decreased to an annual 0.4 percent while the monthly rate fell 1.5 percent.

INE | Carolina Cunha | carolina.cunha@tradingeconomics.com
2/11/2015 11:47:11 AM


Recent Releases

Deflation is Back in Portugal in December
Consumer prices in Portugal dropped by 0.4 percent in December of 2014, after being flat in the last two months as lower gasoline cost pushed transport prices lower. Published on 2015-01-13

Portugal Inflation Rate at 0% in November
Portuguese consumer prices were flat in November of 2014 from a year earlier, the same as in October. Downward pressures came mainly from lower transport cost. Published on 2014-12-11


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-12-11 11:00 AM
Inflation Rate YoY  Nov
0.0% 0.0% 0.2% 0.18%
2015-01-13 11:00 AM
Inflation Rate YoY  Dec
-0.4% 0% 0.1%
2015-02-11 11:00 AM
Inflation Rate YoY  Jan
-0.4% -0.4% -0.4% -0.4%
2015-03-11 11:00 AM
Inflation Rate YoY  Feb
-0.4% -0.24%
2015-04-13 11:00 AM
Inflation Rate YoY  Mar
-0.12%
2015-05-13 11:00 AM
Inflation Rate YoY  Apr
-0.01%


Portugal Prices Last Previous Highest Lowest Unit
Inflation Rate -0.40 -0.40 53.90 -1.60 percent [+]
Inflation Rate Mom -1.40 0.00 8.30 -5.60 percent [+]
Consumer Price Index CPI 98.78 100.20 100.87 1.09 Index Points [+]
Core Inflation Rate 0.28 0.25 31.27 -0.57 percent [+]
Harmonised Consumer Prices 114.54 116.27 117.13 51.25 Index Points [+]
Core Consumer Prices 99.17 100.99 100.99 4.95 Index Points [+]
Food Inflation -0.13 -0.38 38.68 -6.33 percent [+]
Producer Prices 104.20 104.90 111.00 97.60 Index Points [+]
Producer Prices Change -4.00 -3.40 7.80 -4.00 Percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.70 Nov/14 2.30 23.90 -1.30 percent [+]
Brazil 7.14 Jan/15 6.41 6821.31 1.65 percent [+]
Canada 1.00 Jan/15 1.50 21.60 -17.80 percent [+]
China 0.80 Jan/15 1.50 28.40 -2.20 percent [+]
Euro Area -0.60 Jan/15 -0.20 5.00 -0.70 percent [+]
France -0.40 Jan/15 0.10 18.80 -0.70 percent [+]
Germany 0.10 Feb/15 -0.40 11.54 -7.62 percent [+]
India 5.11 Jan/15 5.00 11.16 4.38 percent [+]
Indonesia 6.96 Jan/15 8.36 82.40 -1.17 percent [+]
Italy -0.19 Feb/15 -0.60 25.64 -0.60 percent [+]
Japan 2.40 Jan/15 2.40 25.00 -2.52 percent [+]
Mexico 3.07 Jan/15 4.08 179.73 2.91 percent [+]
Netherlands 0.00 Jan/15 0.70 11.19 -1.30 percent [+]
Russia 15.00 Jan/15 11.40 2333.30 3.60 percent [+]
South Korea 0.80 Jan/15 0.80 32.50 0.20 percent [+]
Spain -1.10 Feb/15 -1.30 28.43 -1.37 percent [+]
Switzerland -0.50 Jan/15 -0.30 11.92 -1.37 percent [+]
Turkey 7.24 Jan/15 8.17 138.71 -4.01 percent [+]
United Kingdom 0.30 Jan/15 0.50 8.50 0.30 percent [+]
United States -0.10 Jan/15 0.80 23.70 -15.80 percent [+]