Portugal Inflation Rate (2024)

Portugal's annual inflation rate eased to 1.5% in November, below preliminary estimates of 1.6% and 2.1% in the previous month. It marked the lowest reading in over two years, as the cost of food & non-alcoholic beverages increased at a slower pace (3% vs 4.4% in October), along with alcoholic beverages & tobacco (2.4% vs 3.5%), clothing & footwear (0.1% vs 0.3%), household equipment (1.2% vs 2.3%), health (4.5% vs 4.8%), transportation (0.1% vs 0.5%), recreation & culture (2.5% vs 3.5%), and restaurants & hotels (7% vs 7.1%). Simultaneously, costs fell more for housing and utilities (-6.1% vs -5.9%). On the other hand, the cost of communications grew more rapidly (4.9% vs 4.1%), as well as the cost of miscellaneous goods & services (0.7% vs 0.6%). In the meantime, the annual core inflation rate, which excludes volatile items such as food and energy, eased to 2.9% from 3.5% in the previous month. source: Statistics Portugal

Portugal November Inflation Rate Slows Further

Portugal's annual inflation rate eased to 1.5% in November, below preliminary estimates of 1.6% and 2.1% in the previous month. It marked the lowest reading in over two years, as the cost of food & non-alcoholic beverages increased at a slower pace (3% vs 4.4% in October), along with alcoholic beverages & tobacco (2.4% vs 3.5%), clothing & footwear (0.1% vs 0.3%), household equipment (1.2% vs 2.3%), health (4.5% vs 4.8%), transportation (0.1% vs 0.5%), recreation & culture (2.5% vs 3.5%), and restaurants & hotels (7% vs 7.1%). Simultaneously, costs fell more for housing and utilities (-6.1% vs -5.9%). On the other hand, the cost of communications grew more rapidly (4.9% vs 4.1%), as well as the cost of miscellaneous goods & services (0.7% vs 0.6%). In the meantime, the annual core inflation rate, which excludes volatile items such as food and energy, eased to 2.9% from 3.5% in the previous month.

2023-12-14

Portugal Inflation Rate Continues To Ease

Portugal's annual inflation rate eased to 1.6% in November 2023, from 2.1% in the previous month, according to preliminary estimates. It marks the lowest reading in two years, as energy costs continued to decline (-12.4% vs -12.1% in October), while prices grew at a softer pace for both unprocessed (3.5% vs 4%) and processed food (2.5% vs 4.5%). Meanwhile, the core inflation rate, which excludes volatile items such as food and energy, fell to 2.9% in November, from 3.5% in October. On a monthly basis, consumer prices dropped 0.3% in November, following a 0.2% slip in the prior month.

2023-11-30

Portugal Inflation Rate Hits Two-Year Low

Portugal's annual inflation rate eased to 2.1% in October, from 3.6% in the previous month, matching preliminary estimates. It marked the lowest reading in two years, as the cost of food & non-alcoholic beverages increased at a slower pace (4.4% vs 6.4% in September), along with transportation (0.5% vs 2.8%), recreation & culture (3.5% vs 4.5%), miscellaneous goods & services (0.6% vs 1.5%), and alcoholic beverages & tobacco (3.5% vs 3.8%). Simultaneously, costs fell more for housing and utilities (-5.9% vs -1.4%). Nevertheless, the cost of education grew more rapidly (4% vs 2.7%), as well as the cost of restaurants & hotels (7.1% vs 6.9%). In the meantime, the annual core inflation rate, which excludes volatile items such as food and energy, eased to 3.5% from 4.1% in the previous month.

2023-11-13