Inflation in Portugal
Portugal - Inflation
Inflation inches down in February
In February, consumer prices remained flat over the previous month, following the 0.6% increase recorded in January and were slightly below the 0.1% rise tallied in February 2010. As a result, annual inflation inched down to 3.5% in February (January: 3.6% year-on-year). The reading showed that lower prices for clothing and footwear were completely offset by higher energy costs. Meanwhile, annual core inflation, which excludes prices of unprocessed food and energy, decreased from 2.1% in January to 1.9% in February. Annual average HICP inflation (based on the harmonized index of consumer prices) rose for the 12th consecutive month, stepping up from 1.7% in January to 2.0% in February, which represented a two-year high.
Portugal - Inflation Data
|Inflation Rate (CPI, annual variation in %)||0.5||0.6||1.4||1.0||0.3|
5 years of economic forecasts for more than 30 economic indicators.
Portugal 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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September 30, 2021
Industrial output nosedived 9.0% year-on-year in seasonally-adjusted terms in August (July: +0.8% s.a.
Portugal: Consumer confidence hits highest reading since February 2020, economic sentiment ebbs in September
September 29, 2021
Consumer confidence ticked up to minus 9.9 in September, following August’s minus 11.9, which means consumers became less pessimistic.
August 31, 2021
A second estimate confirmed that GDP rebounded, expanding 4.9% on a seasonally-adjusted quarter-on-quarter basis in the second quarter, above the 3.2% contraction seen in the first quarter, as restrictions were severely tightened throughout the better part of Q1.
August 31, 2021
Industrial production grew 0.5% year-on-year in seasonally-adjusted terms in July (June: +10.8% s.a.
Portugal: Consumer confidence reaches pre-pandemic levels, economic sentiment remains steady in August
August 30, 2021
Consumer confidence soared to minus 11.9 in August, from minus 17.0 in July, hitting the highest level since February 2020, just before the pandemic hit.