The annual inflation rate in Portugal accelerated to 10.1 percent in October of 2022 from 9.3 percent in September, below preliminary estimates of 10.2 percent. source: Statistics Portugal

Inflation Rate in Portugal averaged 8.15 percent from 1961 until 2022, 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. This page provides - Portugal Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.

Inflation Rate in Portugal is expected to be 11.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Inflation Rate is projected to trend around 3.20 percent in 2023 and 1.20 percent in 2024, according to our econometric models.

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Portugal Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-10-28 10:00 AM Inflation Rate YoY Prel Oct 10.2% 9.3% 9.5%
2022-11-11 11:00 AM Inflation Rate YoY Final Oct 10.1% 9.3% 10.2%
2022-11-30 09:30 AM Inflation Rate YoY Prel Nov 10.1% 10%


Related Last Previous Unit Reference
Inflation Rate 10.10 9.30 percent Oct 2022
Inflation Rate MoM 1.20 1.20 percent Oct 2022
Consumer Price Index CPI 116.99 115.56 points Oct 2022
Harmonised Consumer Prices 116.86 115.62 points Oct 2022
Core Inflation Rate 7.12 6.89 percent Oct 2022
Core Consumer Prices 113.18 112.56 points Oct 2022
Food Inflation 18.58 16.42 percent Oct 2022
CPI Transportation 116.78 115.19 points Oct 2022
CPI Housing Utilities 132.33 127.11 points Oct 2022
Producer Prices 132.70 133.20 points Oct 2022
Producer Prices Change 16.20 19.70 percent Oct 2022
GDP Deflator 3.70 0.80 percent Jun 2022

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 Portuguese Consumer Price Index are: Food & Non-alcoholic Beverages (21% of the total weight), Transport (14%), Miscellaneous Goods & Services (10%) and Housing, Water, Electricity, Gas & Other Fuels (10%). Restaurant & Hotels account for 9%, Recreation & Culture for 7%, and Clothing & Footwear for 7%. The index also includes: Health (6%), and Furnishings, Household Equipment & Routine Maintenance of the House (6%). Alcoholic Beverages & Tobacco, Communication and Education account for remaining 9%.
Actual Previous Highest Lowest Dates Unit Frequency
10.10 9.30 53.90 -1.60 1961 - 2022 percent Monthly
2012=100

News Stream
Portugal Inflation Hits Highest Level Since 1992
The annual inflation rate in Portugal is likely to increase to 10.2 percent in October of 2022, the highest since May 1992, compared to 9.3 percent in September, preliminary estimates showed. Energy prices surged 27.6 percent, driven by gas prices, while food costs jumped 18.9 percent, the most since June 1990. Consumer prices were up 1.3 percent compared to the previous month, following a 1.2 percent gain in September.
2022-10-28
Portugal Inflation Rate Confirmed at 30-Year High
The consumer price inflation rate in Portugal was confirmed at 9.3 percent year-on-year in September 2022, up from 8.9 percent in the previous month and the highest since September 1992, mainly on the back of soaring food and energy prices. Cost of food and non-alcoholic beverages advanced 16.4 percent (vs 15.3 percent in August), with unprocessed food inflation jumping to 16.9 percent (vs 15.4 percent), while energy prices rose 22.2 percent (vs 24.0 percent). Additional upward pressure came from restaurants and hotels (17.7 percent vs 16.3 percent), clothing and footwear (1.7 percent vs -1.6 percent), and miscellaneous goods and services (3.0 percent vs 2.7 percent). The annual core inflation rate, which excludes energy and unprocessed food products, accelerated to 6.9 percent in September from 6.5 percent in the previous month. On a monthly basis, consumer prices were up 1.2 percent, faster than a 0.9 percent increase in August.
2022-10-13
Portugal Inflation Hits Highest Level Since 1992
The annual inflation rate in Portugal likely increased to 9.3 percent in September of 2022, the highest since October of 1992, compared to 8.9 percent in August, preliminary estimates showed. Energy prices surged 22.2 percent, while food costs jumped 16.9 percent. Consumer prices were up 1.2 percent compared to the previous month, following a 0.3 percent drop in August.
2022-09-30