Portugal's annual inflation eased to 1 percent in October 2018, unrevised from a preliminary estimate and below the previous month's rate of 1.4 percent. The inflation was at its lowest level since May mainly due to a slowdown in food price growth and a decline in costs of restaurants & hotels, recreation & culture and clothing & footwear. Inflation Rate in Portugal averaged 8.58 percent from 1961 until 2018, 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.

Portugal Inflation Rate
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Portugal October Inflation Rate Confirmed at 1%


Portugal's annual inflation eased to 1 percent in October 2018, unrevised from a preliminary estimate and below the previous month's rate of 1.4 percent. The inflation was at its lowest level since May mainly due to a slowdown in food price growth and a decline in costs of restaurants & hotels, recreation & culture and clothing & footwear.

Food & non-alcoholic beverages inflation slowed to a seven-month low of 0.3 percent in October from 0.8 percent in the previous month. In addition, there was a fall in prices of: restaurants & hotels (-0.6 percent vs 3.3 percent); recreation & culture (-0.5 percent vs 0.4 percent); clothing & footwear (-3.7 percent vs -3.6 percent); and furnishings, household equipment and routine maintenance of the house (-0.2 percent vs -0.4 percent).

On the other hand, inflation was unchanged for housing & utilities (at 2.7 percent) and picked up for transport (4.8 percent vs 4.6 percent), and miscellaneous goods and services (0.9 percent vs 0.6 percent).

Annual core inflation, which excludes energy and unprocessed food products, eased to 0.4 percent in October, below a preliminary estimate of 0.6 percent and September's final reading of 0.9 percent.

On a monthly basis, consumer prices edged down 0.1 percent in October, instead of being unchanged as initially thought and following an increase of 1.1 percent in September. October's decline was led by a fall in restaurants & hotels prices (-2.6 percent vs 2.5 percent).

The harmonized consumer price index rose by 0.8 percent year-on-year (vs 1.8 percent in September) and decreased by 0.5 percent month-over-month (vs 1.5 percent in September).


INE | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/13/2018 11:49:35 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-10-11 10:00 AM Inflation Rate YoY Final 1.4% 1.2% 1.4% 1.4%
2018-10-31 09:30 AM Inflation Rate YoY Prel 1% 1.4% 1.5%
2018-11-13 11:00 AM Inflation Rate YoY Final 1% 1.4% 1%
2018-11-30 09:30 AM Inflation Rate YoY Prel 1% 1.2%
2018-12-12 11:00 AM Inflation Rate YoY Final 1% 1.2%
2018-12-31 09:30 AM Inflation Rate YoY Prel 1.6%


Portugal Prices Last Previous Highest Lowest Unit
Inflation Rate 1.00 1.40 53.90 -1.60 percent [+]
Inflation Rate Mom -0.10 1.10 8.30 -5.60 percent [+]
Harmonised Consumer Prices 104.49 105.03 105.03 43.89 Index Points [+]
Consumer Price Index CPI 104.37 104.46 104.46 1.09 Index Points [+]
Core Consumer Prices 104.31 104.40 104.40 4.95 Index Points [+]
Core Inflation Rate 0.45 0.87 31.27 -0.57 percent [+]
Producer Prices 104.80 104.44 107.50 92.00 Index Points [+]
Producer Prices Change 4.70 4.70 7.80 -7.30 percent [+]
CPI Housing Utilities 108.65 108.39 108.65 4.59 Index Points [+]
CPI Transportation 102.30 102.09 102.95 3.31 Index Points [+]
Food Inflation 0.30 0.84 38.68 -6.33 percent [+]
GDP Deflator 1.00 1.30 4.50 -1.10 percent [+]


Portugal Inflation Rate

In Portugal, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods. The most important categories in the Portuguese consumer price index are Food and non-alcoholic beverages (20.8 percent of the total weight), Transport (14 percent), Miscellaneous Goods and Services (10.4 percent) and Housing, water, electricity, gas and other fuels (10.3 percent). Restaurants and Hotels account for 8.6 percent, Recreation and Culture for 7.2 percent and Clothing and Footwear for 6.9 percent. The index also includes: Health (6.3 percent) and Furnishings, household equipment and routine maintenance of the house (6.2 percent). Alcoholic beverages and tobacco, Communication and Education account for the remaining 9.4 percent. This page provides - Portugal Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Inflation Rate - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.00 1.40 53.90 -1.60 1961 - 2018 percent Monthly
2012=100




Country Last
Argentina 40.30 Sep/18
Australia 1.90 Sep/18
Brazil 4.56 Oct/18
Canada 2.20 Sep/18
China 2.50 Oct/18
Euro Area 2.20 Oct/18
France 2.20 Oct/18
Germany 2.50 Oct/18
India 3.31 Oct/18
Indonesia 3.16 Oct/18
Italy 1.60 Oct/18
Japan 1.20 Sep/18
Mexico 4.90 Oct/18
Netherlands 2.10 Oct/18
Russia 3.50 Oct/18
Saudi Arabia 2.10 Sep/18
Singapore 0.70 Sep/18
South Africa 4.90 Sep/18
South Korea 2.00 Oct/18
Spain 2.30 Oct/18
Switzerland 1.10 Oct/18
Turkey 25.24 Oct/18
United Kingdom 2.40 Oct/18
United States 2.50 Oct/18


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