Producer Prices in Portugal

Portugal - Producer Prices
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 - Producer Prices Data
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Inflation (PPI, annual variation in %) | -3.3 | -2.7 | 3.3 | 2.7 | 0.0 |
Portugal Producer Prices Chart

Source: Bank of Portugal (BP).
Portugal Facts
Value | Change | Date | |
---|---|---|---|
Bond Yield | 0.45 | -1.90 % | Jan 01 |
Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Economic News
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Portugal: Industrial output bounces back in December
January 31, 2023
Industrial output expanded 2.5% year on year in seasonally-adjusted terms in December, which contrasted November's 0.2% decrease.
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Portugal: Consumer confidence picks up but remains in negative territory in January
January 30, 2023
Consumer confidence came in at minus 35.4 in January, up from December's minus 37.1.
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Portugal: Harmonized inflation moderates in December
January 18, 2023
Harmonized inflation fell to 9.8% in December from November’s 10.2%.
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Portugal: Consumer confidence improves but remains pessimistic in December
January 2, 2023
Consumer confidence came in at minus 37.1 in December, up from November's minus 38.7.
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Portugal: Decline in industrial activity softens in November
January 2, 2023
Industrial production dropped 0.3% year on year in seasonally-adjusted terms in November (October: -1.9% s.a.