what is the current inflation rate in portugal

Current harmonised inflation Portugal (HICP Portugal) the harmonised inflation is based upon the Portuguese harmonised consumer price index. Historical Data (index points) by years Data Period Date Historical Chart by presidents (index points) The Laspeyres formula is generally used. Data published Monthly by Statistics. Most recent CPI Portugal (inflation figure) 9.281 %. In another example we see August 2003 and September with the Government saying inflation rates were 2.2% and 2.3% respectively. Countries with extremely high inflation rates are said to have hyperinflation and when this occurs the economy is often near collapse. Portugal unemployment rate for 2021 was 6.65%, a 0.14% decline from 2020. For 2021, an inflation rate of 1.3% was calculated. LinkedIn | Portugal Economy | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed, Economic Growth (GDP, annual variation in %), Industrial Production (annual variation in %), Inflation Rate (HICP, annual variation in %, eop), Inflation Rate (HICP, annual variation in %), Portugal: Industrial output growth loses pace in September, Portugal: GDP growth accelerates in the third quarter, Portugal: Consumer confidence and economic climate worsen in October, Portugal: Harmonized inflation comes in at highest level since September 1991 in September, Portugal: Industrial output expands at fastest pace since June 2021 in August. Inflation rates in Portugal The inflation rate for consumer prices in Portugal moved over the past 61 years between -0.8% and 31.0%. Currency values from before Portugal began using the Euro are converted for the purpose of these calculations by the OECD. Trading Economics welcomes candidates from around the world. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. In August, the US Bureau of Labor Statistics said inflation dipped to 8.3 percent. Portugal Core Inflation Rate - October 2022 Data - 1978-2021 Historical Portugal Core Inflation Rate Summary Forecast Stats Download Core consumer prices in Portugal increased 6.89 percent in September of 2022 over the same month in the previous year. Advanced users can use our Python/R/Matlab packages. Consumer Price Index in European Union increased to 122 index points in September 2022. The annual core inflation rate, which excludes energy and unprocessed food products, rose to 6.9 per cent in . Overall, the price increase was 9,658.38%. In this article, we will look at global inflation rates by country and inflation around the world. Current inflation Portugal (CPI Portugal) the inflation is based upon the Portuguese consumer price index. The inflation rate target is adjusted annually. Prices pressures came mostly from transport (8.7 percent); food & non-alcoholic beverages (6.5 percent), housing & utilities (4.1 percent) and furnishing and household goods (3.9 percent). The inflation rate is based upon the consumer price index (CPI). Quisque vitae sapien massa. However, tighter monetary policy conditions, subdued external demand and high inflation will cause . Consumer Price Index in Portugal increased to 116 index points in September 2022. What the Current Inflation Rate Means for You The World Inflation Rate The average inflation rate around the world is 7.4%. What is CPI Index in European Union? Read more Historical Annual Inflation Rates from 1956 Inflation seems to be hitting similar levels over and over After June's Annual Inflation peaked at 9.06% July's 8.52% Annual Inflation returned to levels similar to both March and May March 8.54% May 8.58% July 8.52% August and April were 8.26% September fell slightly to 8.20% for a whopping 6/100ths of 1% decrease, i.e., virtually zero. Energy prices surged 27.6 percent, driven by gas prices, while food costs jumped 18.9 percent, the most since June 1990. In order to be able to show this data, we make use of a large number of sources of information that we believe to be reliable. To calculate cumulative rates between two different periods, you can use the Portugal Inflation Calculator. This Section / Page contains links to the 3rd party websites of our top partners from whom we may receive compensation. If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. Portugal: Industrial output expands at fastest pace since June 2021 in August. When we talk about the rate of inflation in Portugal, this often refers to the rate of inflation based on the consumer price index, or CPI for short. 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. Jump to: Countries with the Highest Inflation Rates Countries with Hyperinflation Russian Inflation Trailing 12-month CPI. Brazil's central bank will hike or cut its benchmark Selic interest rate to meet the inflation rate target. Twitter Read more Historical Annual Inflation Rates from 1956 The table below contains annual inflation rates in Spain from 1956. The current inflation rate compared to last year is now 9.28%. Google+, Facebook Consumer prices increased by 0.4% from August to September. This is when economic growth is positive, with a healthy 2% rate of inflation. Access the latest politics analysis and economic growth summary through 2011 for Portugal from . "9.3%? The global inflation rate surged from 4.35% in 2021, and 3.18% in 2020. The CPI inflation rates in the table are presented both on a monthly basis . The next inflation update is scheduled for release on Oct. 13 at 8:30 a.m. Client Log In, Facebook Energy prices surged 27.6 percent, driven by gas prices, while food costs jumped 18.9 percent, the most since June 1990. Industrial output grew 4.9% year on year in seasonally-adjusted terms in August (July: -0.2% s.a. About Bureau of Labor Statistics. The maximum level was 108 index points and minimum was 71.6 index points. Consumer confidence came in at minus 38.6 in October, down from September's minus 35.8. Price quote data and item indices that underpin consumer price inflation statistics are now published, giving users unprecedented access to the detailed data that is used in the construction of the UK's inflation figures. Annual inflation: 4.70%. Kugler and Bernholz estimate that Spanish inflation averaged 1.1-1.4% per annum in the 16th century. With effect from January 2017 Consumer price inflation publication, these data are published on a monthly basis showing the . Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. It will offer the rate of inflation over the 12 months ended November 2021. Though Portugal inflation rate fluctuated substantially in recent years, it tended to decrease through 2001 - 2020 period ending at -0.1 % in 2020. In 2020, inflation rate for Portugal was -0.1 %. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. Historical Data (index points) by years Data Period Date Historical Chart by head of eu (index points) The US inflation rate is 8.2 percent. ET. This website contains current data about inflation. The figure marked a decrease from August 2022, when it stood at 14.3. The index also includes: Health (6.3 percent) and Furnishings, household equipment and routine maintenance of the house (6.2 percent). You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved. Google+, Copyright: 2022. The index is a measure of the average price which consumers spend on a market-based "basket" of goods and services. In July, the rate was at 8.5 percent. Historical Chart What is CPI Index in Portugal? Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. Interest rates. What is the consumer price inflation rate in the UK? However, our data shows inflation in March as 8.54%, May as 8.58%, July as 8.52%. Official and reference interest rates; Implementation. Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The inflation target in 2022 is lower than the target of 3.75% in 2021 and 4% in 2020. 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 . Published by D. Clark , Oct 19, 2022 As of September 2022, the inflation rate in the European Union was 10.9 percent, with prices rising fastest in Estonia, which had an inflation rate of. Online Store All news about Portugal At a Glance 2022 Projected Real GDP (% Change) : 4.0 2022 Projected Consumer Prices (% Change): 4.0 Country Population: 10.284 million Date of Membership: March 29, 1961 Article IV/Country Report: June 30, 2022 Special Drawing Rights (SDR): 2683.62 million Quota (SDR): 2060.1 million The chart and table below display annual US inflation rates for calendar years from 2000 and 2011 to 2021. Standard users can export data in a easy to use web interface or using an excel add-in. In Portugal, inflation has stood at around 1.1% over the last 10 years, well below the ECB's 2% limit for the euro area. (Piketty talks about this extensively in the historical portions of "Capital in the 21st Century.") The index is a measure of the average price which consumers spend on a for European countries market-based "basket" of goods and services and is published by Eurostat to compare inflation in European countries. To calculate this: Rate of inflation = CPI x+1 - CPIx/ CPIx Or Rate of inflation = CPI (new price) - CPI (old price)/ CPI (old price) Moreover, core inflation, which excludes the most volatile components, has averaged 0.8%. Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. We have a plan for your needs. Twitter The most important categories in the Portuguese consumer price index are Food and non-alcoholic beverages (20.8 percent of the total weight), Transport (14 percent), Miscellaneous Goods and Services (10.4 percent) and Housing, water, electricity, gas and other fuels (10.3 percent). The best way to compare inflation rates is by using the end-of-year CPI to see the change. Industrial output rose 0.9% year on year in seasonally-adjusted terms in September, which was a deterioration from August's 5.4% increase. The next inflation update is scheduled for release on December 10 at 8:30 a.m. The Trading Economics Application Programming Interface (API) provides direct access to our data. Please check your download folder. Inflation based upon the consumer price index (CPI) is the main inflation indicator in most countries. This may sound low by modern standards, but it was quite high considering that early modern economies generally exhibit very stable price levels. The result represents a rise of 0.4 percentage points from the previous month, Xinhua news agency quoted the statistics office as saying. 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. Click on the button below to get started. The target for 2022, for instance, is 3.50%, with a tolerance interval of 2% to 5%. In the four highlighted items, there are increases in 34.74% (kitchen paper roll), 51.76% (chips), 67.79% (elbow dough) and Is this really the inflation rate in Portugal today? Inflation. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. The current inflation rate in Spain is 8.87%, which is calculated based on CPI (Consumer Price Index) values for the last 12 months ending in September 2022. Bureau of Labor Statistics (2021) The inflation rate is determined by Consumer Price Index released by the U.S. Bureau of Labor Statistics (BLS). Portugal unemployment rate for 2019 was 6.46%, a 0.53% decline from 2018. FocusEconomics Consensus Forecast panelists see GDP growing 5.3% in 2022, which is up 0.7 percentage points from the previous month's forecast. The annual inflation rate in Tanzania accelerated to 4.5 percent in July of 2022, the highest since October of 2017, from 4.4 percent in the previous month. Portugal: Harmonized inflation comes in at highest level since September 1991 in September. However, the prolongation of supply chain disruptions and the war in Ukraine pose downside risks. For 2023, the panel sees GDP climbing 2.3%. Inflation continued to put pressure on prices, more than economists expected for the second month in a row. The Portuguese CPI shows the change in prices of a standard package of goods and services which Portuguese . Alcoholic beverages and tobacco, Communication and Education account for the remaining 9.4 percent. Harmonized inflation came in at 9.8% in September, which was up from Augusts 9.3%. Start working with the reports used by the worlds major financial institutions, multinational enterprises & government agencies now. Quisque faucibus sapien eu sapien efficitur posuere. The current inflation rate in Portugal is 9.28%, which is calculated based on CPI (Consumer Price Index) values for the last 12 months ending in September 2022. Projections for the Euro Area updated in 01 Jan. 1970 Projections for Portugal updated in 01 Jan. 1970. Instruments; Collateral; . when the economy will register one of the strongest growth rates in the EU, owing to a recovery in tourism (which accounts for about 17% of GDP). October 19, 2022. White label accounts can distribute our data. Not to mention the prices of fuel, electricity, gas, rents, loan installments, etc. The inflation rate in 1970 was 6.38%. 1. Therefore we can see how close the inflation over this 3 month period really is. , Jun 1, 2022 This statistic shows the average inflation rate in Portugal from 1987 to 2021, with projections up until 2027. API users can feed a custom application. This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. 1 Year-over-year inflation stood at 8.4% in September 2022. Current inflation Portugal (CPI) - This page features an overview of current Portuguese inflation: CPI Portugal. Data published Monthly by Eurostat. Current inflation Portugal: extensive info, Historic inflation Portugal: extensive info, For more information and our disclaimer, click here, Current inflation by country - CPI inflation, Current harmonised inflation by country - HICP inflation. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. Most notably, prices of shelter, vehicles, and medical care rose. Projections are based on an assessment of the economic climate in individual countries and the world economy, using a combination of model-based analyses and expert judgement. Restaurants and Hotels account for 8.6 percent, Recreation and Culture for 7.2 percent and Clothing and Footwear for 6.9 percent. The Consumer Price Index (CPI) rose by 8.2 percent in September compared with a year ago. According to a preliminary reading, GDP growth picked up to 0.4% on a seasonally adjusted quarter-on-quarter basis in the third quarter, from 0.1% in the second. Shelter, gasoline and food have contributed to some of the highest areas in price increases. October 3, 2022 The euro had an average inflation rate of 7.39% per year between 1956 and today, producing a cumulative price increase of 10,987.61%. Current CPI: 296.276. We suggest to use the links underneath the current inflation rate, in case you are interested in more extensive information on the development of the current or historic inflation in Portugal. Here are two invoices for purchases made in October 2021 and October 2022. The inflation rate plays an important role in determining the health of an economy. Harmonized inflation came in at 9.8% in September, which was up from August's 9.3%. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. 5 years of Portugal economic forecasts for more than 30 economic indicators. Get a sample report showing our regional, country and commoditiesdata and analysis. This means that today's prices are 110.88 times higher than average prices since 1956, according to the OECD and the World Bank consumer price index for Portugal. Portugal Economy Data Sample Report Inflation Rate: 8.52%. The annual inflation rate for the United States is 8.3% for the 12 months ended August 2022 after rising 8.5% previously, according to U.S. Labor Department data published Sept. 13. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. In 2022 in the wake of the COVID-19 pandemic, inflation reached 8.5%, its highest rate since 1982. Business Cycle: Expansion and Peak The business cycle runs in four phases. Read more. This weakness in inflation intensified in 2020, but in early . The first phase is the expansion phase. It is defined as the change in the prices of a basket of goods and services that are typically purchased by households. The Laspeyres formula is generally used. Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at . Unemployment refers to the share of the labor force that is without work but available for and seeking employment. During the observation period from 1960 to 2021, the average inflation rate was 8.1% per year. The maximum level was 105 index points and minimum was 1.09 index points. Portugal inflation rate for 2021 was 1.27%, a 1.28% increase from 2020. In September 2022, the inflation rate in Russia reached 13.7 percent compared to the same month of the previous year. The inflation rate in Portugal accelerated to 9.3 per cent in September, the highest since October 1992, the National Statistics Institute said.. Current inflation in Portugal CPI inflation Portugal september 2022: 9.28 % More CPI inflation rates Current inflation Portugal: extensive info In 2021, the average inflation rate increased in Portugal by about. Consumer prices were up 1.3 percent compared to the previous month, following a 1.2 percent gain in September. In Portugal, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods. Portugal unemployment rate for 2020 was 6.79%, a 0.33% increase from 2019. Inflation measures the general evolution of prices. Current job openings: Portugal Unemployment Rate Up to 5.8% in Q3, Portugal Trade Gap Widens Sharply on Rising Fuels Imports, Portugal Industrial Output Growth Slows in September, Portugal Retail Sales Grow at Slower Pace, Portugal Inflation Hits Highest Level Since 1992, Portugal October Business Morale at 1-1/2-Year Low, Portugal Consumer Morale at 2-1/2-Year Low, Portugal Producer Inflation Falls for 3rd Month, Portugal Government Budget Gap Shrinks in Jan-Aug, Slovakia Industrial Output Shrinks Less than Expected, South Africa Mining Output Falls More than Expected, Czech Inflation Rate Slows More than Expected in October, Lithuania Inflation Rate Eases from Over Two-Decade High. The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. LinkedIn Please check your download folder. Current Annual inflation for the 12 months ending in March 2020 is 1.54% down from 2.33% in February. The inflation table and graph present the inflation rates during the last 12 months. If this number holds, 100 today will be equivalent in buying power to 109.28 next year. Contents Overview source: Statistics Portugal 1Y 5Y 10Y 25Y MAX Chart Compare Export API Embed As pandemic-related effects are reversed in 2021, inflation will rise. My Cart Graph CPI Portugal long-term. It will offer the rate of inflation over the 12 months ended September 2022. ET. Press The observation period from 1960 to 2021, and medical care rose inflation... Few examples below that you can copy and paste to your site: your data is. Of current Portuguese inflation: CPI Portugal ( CPI ) is the inflation! In at minus 38.6 in October, down from 2.33 % in 2021 October. Portuguese harmonised consumer price index ( CPI ) - this page months in! 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