Cost of food in Portugal increased 0.16 percent in December of 2019 over the same month in the previous year. Food Inflation in Portugal averaged 6.91 percent from 1978 until 2019, reaching an all time high of 38.68 percent in December of 1983 and a record low of -6.33 percent in August of 2009.
Food Inflation in Portugal is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Portugal to stand at 1.50 in 12 months time. In the long-term, the Portugal Food Inflation is projected to trend around 2.00 percent in 2020, according to our econometric models.