Portugal Inflation Rate 1961-2014 | Data | Chart | Calendar | Forecast

The inflation rate in Portugal was recorded at -0.90 percent in July of 2014. Inflation Rate in Portugal averaged 9.20 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. Inflation Rate in Portugal is reported by the Statistics Portugal.

   
 
 
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Portugal Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
-0.90 -0.42 53.90 -1.60 1961 - 2014 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 Friday, August 29, 2014.


Deflation Deepens in Portugal


Portuguese annual inflation rate declined further to -0.9 percent in July of 2014 from a -0.4 percent in the previous month mostly due to lower cost of clothing and footwear and food.

The largest downward pressure in July of 2014 came from drop in prices of clothing and footwear (-7.45 percent from -1.45 percent) caused by seasonal sales followed by lower cost of food and non-alcoholic beverages (-3.05 percent yoy from -2.53 in June). Price increases were reported for housing, water, electricity, gas and other fuels (2.15 percent in July of 2014) and alcoholic beverages and tobacco (3.11 percent).

On a monthly basis, the CPI decreased to -0.7 percent (0.1 percent in June and -0.2 percent a year earlier), mostly due to changes in the prices of clothing and footwear. On the opposite side, increases were observed in the prices of transports.

In July of 2014, the core inflation (excluding energy and unprocessed food) was -0.4 percent year-on-year, 0.4 percentage point lower than the rate observed in the previous month.

The Harmonized Index of Consumer Prices annual rate of change was -0.7 percent in July of 2014 (-0.2 percent in June) and the monthly rate was -0.6 percent (0.1 percent in the previous month and -0.2 percent in June of 2013).

The average value of rents by net area for the whole country remained stable on a monthly basis, after increasing 0.1 percent in the previous month. The main decrease was observed in the Madeira region (-0.3 percent) and the largest increase was recorded in the Algarve region (+0.2 percent).

INE | Isabel Felino | isabel.felino@tradingeconomics.com
8/12/2014 12:22:37 PM


Recent Releases

Portugal Inflation Rate Unchanged at -0.4%
Portuguese consumer prices decreased by an annual 0.4 percent in June of 2014, the same rate recorded in the previous month, as prices of food and non-alcoholic beverages fell again. Published on 2014-07-10

Portugal Inflation Rate at -0.4%
Portuguese consumer prices fell for the fourth straight month by an annual 0.4 percent in May of 2014, following a 0.1 percent drop in the previous month, driven by lower food cost. Published on 2014-06-12


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-05-13 11:00 AM Portugal
Inflation Rate YoY
Apr 2014 -0.10% -0.4% -0.2% 0.1%
2014-06-12 11:00 AM Portugal
Inflation Rate YoY
May 2014 -0.4% -0.1% -0.2% -0.3%
2014-07-10 11:00 AM Portugal
Inflation Rate YoY
Jun 2014 -0.42% -0.4% 0.2%
2014-08-12 11:00 AM Portugal
Inflation Rate YoY
Jul 2014 -0.9% -0.42% -0.2% -0.2%
2014-09-10 11:00 AM Portugal
Inflation Rate YoY
Aug 2014 -0.9% -0.83%


Prices Last Previous Highest Lowest Unit
Inflation Rate -0.90 -0.42 53.90 -1.60 Percent [+]
Inflation Rate Mom -0.69 0.07 8.35 -5.62 Percent [+]
Consumer Price Index (CPI) 99.75 100.45 100.87 1.09 Index Points [+]
Core Inflation Rate -0.39 0.01 31.27 -0.57 Percent [+]
Harmonised Consumer Prices 116.12 116.84 117.13 114.67 Index Points [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 3.00 Jun/14 2.90 23.90 -1.30 Percent [+]
Brazil 6.50 Jul/14 6.52 6821.31 1.65 Percent [+]
Canada 2.10 Jul/14 2.40 21.60 -17.80 Percent [+]
China 2.30 Jul/14 2.30 28.40 -2.20 Percent [+]
Euro Area 0.30 Aug/14 0.40 5.00 -0.70 Percent [+]
France 0.50 Jul/14 0.50 18.80 -0.70 Percent [+]
Germany 0.80 Aug/14 0.85 11.54 -7.62 Percent [+]
India 7.96 Jul/14 7.31 11.16 7.31 Percent [+]
Indonesia 4.53 Jul/14 6.70 82.40 -1.17 Percent [+]
Italy -0.10 Aug/14 0.09 25.64 -2.44 Percent [+]
Japan 3.40 Jul/14 3.60 25.00 -2.52 Percent [+]
Mexico 4.07 Jul/14 3.75 179.73 2.91 Percent [+]
Netherlands 0.89 Jul/14 0.93 11.19 -1.30 Percent [+]
Russia 7.50 Jul/14 7.80 2333.30 3.60 Percent [+]
South Korea 1.60 Jul/14 1.70 32.50 0.20 Percent [+]
Spain -0.50 Aug/14 -0.34 28.43 -1.37 Percent [+]
Switzerland 0.00 Jul/14 0.00 11.92 -1.37 Percent [+]
Turkey 9.32 Jul/14 9.16 138.71 -4.01 Percent [+]
United Kingdom 1.60 Jul/14 1.90 8.50 0.50 Percent [+]
United States 2.00 Jul/14 2.10 23.70 -15.80 Percent [+]





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