Core consumer prices in Portugal increased 0.36 percent in December of 2019 over the same month in the previous year. Core Inflation Rate in Portugal averaged 7.51 percent from 1978 until 2019, reaching an all time high of 31.27 percent in May of 1984 and a record low of -0.57 percent in January of 2010.
Core Inflation Rate in Portugal is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in Portugal to stand at 1.10 in 12 months time. In the long-term, the Portugal Core Inflation Rate is projected to trend around 1.70 percent in 2020, according to our econometric models.