Inflation in Portugal
Portugal - Harmonized Inflation
Harmonized inflation moderates in December
Harmonized inflation fell to 9.8% in December from November’s 10.2%. December's figure marked the lowest inflation rate since August. The decline was broad-based, with lower price pressures recorded for food and non-alcoholic beverages, transportation, and housing and utilities. Moreover, prices for recreation grew at a more subdued pace.
The trend pointed up, with annual average harmonized inflation coming in at 8.1% in December (November: 7.5%). Meanwhile, consumer price inflation fell to 9.6% in December, from the previous month's 9.9%.
Finally, harmonized consumer prices dropped 0.39% over the previous month in December, below November's 0.03% drop. December's result marked the lowest reading since February 2021.
FocusEconomics analysts project harmonized inflation to average 5.6% in 2023, which is up 0.3 percentage points from the previous month’s estimate, and 2.6% in 2024.
Portugal - Harmonized Inflation Data
|Inflation Rate (HICP, annual variation in %)||0.5||0.6||1.6||1.2||0.3|
5 years of economic forecasts for more than 30 economic indicators.
Portugal Harmonized Inflation Chart
Source: Statistics Portugal (INE).
|Bond Yield||0.45||-1.90 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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January 31, 2023
Industrial output expanded 2.5% year on year in seasonally-adjusted terms in December, which contrasted November's 0.2% decrease.
January 30, 2023
Consumer confidence came in at minus 35.4 in January, up from December's minus 37.1.
January 18, 2023
Harmonized inflation fell to 9.8% in December from November’s 10.2%.
January 2, 2023
Consumer confidence came in at minus 37.1 in December, up from November's minus 38.7.
January 2, 2023
Industrial production dropped 0.3% year on year in seasonally-adjusted terms in November (October: -1.9% s.a.