Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. In SMP May 2022. Here, the numbers a little better, but still not encouraging, with estimated inflation ranging between +0.4% to +0.6% month-on-month depending on the inflation metric you pick. Please enable it. Energy prices surged 27.6 percent, driven by gas prices, while food costs jumped 18.9 percent, the most since June 1990. CPI Housing Utilities in Portugal remained unchanged at 127 Index Points in September 2022. . For the average American household, inflation costs increased from $635 in May to $718 in June, an $83 increase in monthly inflation costs. To calculate cumulative rates between two different periods, you can use the Portugal Inflation Calculator. After Q1's surprisingly positive GDP figures, growth appears to be normalizing in Q2. In the space of just one month, prices rose 1.3% (up from 1.2% in September). Please do not hesitate to contact me. In September, unemployment stood at 6.1%, 0.1 percentage points higher than in August. Bureau of Labor Statistics (2021) The inflation rate is determined by Consumer Price Index released by the U.S. Bureau of Labor Statistics (BLS). 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. This page shows the inflation figures for 2022 for a large number of countries so that you can easily compare them with one another. that Member State may submit to the Commission a. reasoned request with a proposal to modify or replace the implementing decisions of the Council ". It will offer the rate of inflation over the 12 months ended September 2022. High inflation continues to trigger concernfor both businesses and consumers, which will cause the economy to cool considerably towards the end of the year. The maximum level was 105 index points and minimum was 1.09 index points. Togetherwithmeasures taken previously, thisis estimated to amount to around 1.5% of GDP. 7.7. Wednesday, November 2, 2022 4:36 AM EDT. In the remaining states, inflation costs grew by between $46 and $99. The Portuguese CPI shows the change in prices of a standard package of goods and services which Portuguese households purchase for consumption. Inflation Rate: 8.52%. In addition, funds fromthe EUs Recovery and Resilience Facility (RRF) will now be lower than initially anticipated, althoughsupport measures announced by the government are expected to soften the blow. Learn more about how we use cookies in our cookie statement. "Portugal: Inflation Rate from 1987 to 2027 (Compared to The Previous Year). By Francesco Pesole, Frantisek Taborsky, Chris Turner of ING Economics. Ian earned his degree in Computer Science from Dartmouth College. Stay up to date with all of INGs latest economic and financial analysis. This chart shows a calculation of buying power equivalence for 100 in 1956 (price index tracking began in 1955). Generali strikes long-term distribution deal with Portugal's post office . Economic Forecast Summary (June 2022) Real GDP is projected to grow by 5.4% in 2022 and 1.7% in 2023. For additional years, see the historical inflation rates. The next inflation update is scheduled for release on Oct. 13 at 8:30 a.m. Take-profit.org, 2022 | All rights reserved. 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. In August 2022, the monthly inflation rate was -0.33. For example, the 5-year avg. Consumer confidence declined further in October and is now at its lowest level since the start of the pandemic. This data was released on for the reference month of October 2022. Following link provides you with an overview of current inflation by country (CPI) . Quisque faucibus sapien eu sapien efficitur posuere. Price expectations in industry and trade rebounded significantly in September and October, although they had fallen slightly from their peak levels before summer. Portugal Economic Outlook. The maximum level was 106 Index Points and minimum was 43.89 Index Points. The main drivers were the energy and food components within the inflation basket. Some cookies are necessary, while others make the website more personal and relevant to you. Business confidencealso fell once againacross almost all sectors. 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. High inflation and economic uncertainty will likely dampen investment and consumption over the winter months, but government supportis expected to cushion the impact. The table below contains annual inflation rates in Portugal from 1956. The graph above shows the annual inflation rates in Portugal for the previous 10 calendar years, from 2012. Ian Webster is an engineer and data expert based in San Mateo, California. 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. Trailing 12-month CPI. Key Country Insights Please create an employee account to be able to mark statistics as favorites. The European Commission has also predicted that inflation in Portugal will reach its peak in the second trimester of this year and gradually stabilize. The medium to long, SnapWe see the National Bank of Poland hiking rates by 25 basis points at its meeting, ArticleCovid cases rise in China to levels last seen in April, knocking sentiment and, ArticleDifferent shades of recession are spreading across the globe at record speed as, ArticleRecent geopolitical tensions have sparked discussion around de-globalisation and a, ArticleGlobal trade is slowing over faltering consumer demand amid the energy and, ArticleNatural gas prices came under significant pressure in October due to milder weather, ArticleThe bullish and bearish case for energy prices and what those scenarios would mean, ArticleSustainability, inflation and the war in Ukraine continue to weigh on both, ArticleIn the second quarter of 2022, Spanish property prices rose again by 8.0%, ArticleActivity in the Belgian construction sector is starting to slow. It is defined as the change in the prices of a basket of goods and services that are typically purchased by households. This islikely to increase further over the coming monthsas the spillover effect of high energy and food prices on other sectors persists. Harmonised Consumer Prices in Portugal increased to 116 Index Points in September 2022. . Overall, the price increase was 9,658.38%. May 31, 2022. Result: 100 in 1956 11,087.61 in 2022. Yet, the war in Ukraine, supply-chain disruptions and increases in energy and commodity prices will weigh on activity, lowering . La accin del precio de XRP hace q Consumer Price Index in Portugal increased to 116 index points in September 2022. Show publisher information (May) and autumn (November) and publishes interim forecasts updating GDP and inflation figures in winter (February) and summer (July). source: Statistics Portugal 1Y 5Y 10Y 25Y MAX Chart Compare Export API Embed Compare Core Inflation Rate by Country Latest Russian Manufacturing Growth at 3-Month Low In the space of justone month, prices rose 1.3%(up from 1.2% in September). Despite a slight decrease from the previous quarter, the overall health of the labour market remains strong. Monthly inflation costs grew the most in the states of Illinois ($115), Michigan ($103), and Wisconsin and Indiana ($100 each). The inflation shock is getting worse, which is likely to put pressure on household consumption. Chained inflation averaged 7.00% per year between 2021 and 2022, a total inflation amount of 7.00%. With the consumer price index increasing during 2021 and 2022, at a rate not seen for nearly 40 years, the investing challenge for the coming year is finding ways to generate real returns during exceptionally high inflation. Duis laoreet erat nulla, at rutrum urna finibus at. LISBON (Reuters) -Portugal's economic growth accelerated to 0.4% in the third quarter from the previous quarter's 0.1% thanks to an unexpected rise in private consumption despite high inflation, although annual expansion slowed in a potential sign of things to come. Bureau of Labor Statistics. Current CPI: 296.276. Persistently high inflation may trigger more aggressive interest rate rises by the European Central Bank. and over 1Mio. If growth stalls further during the winter months, unemployment is likely to rise, but anyincrease is expected to be modest. ArticleIt looks as though the Democrats are doing a little better than expected in the US, ArticleWe expect 2023 to see a small increase in corporate supply . All in all, we still expect a year-on-yeargrowth rate of 6.6% in Portugal thanks to a strong start to the year and a solidcontribution from tourism, which has now seen a fullrecovery from the pandemic. The following table contains recent YoY (Year-over-Year) and MoM (Month-over-Month) values. Others, such as travel, semiconductors and infrastructure-related . statistic alerts) please log in with your personal account. The Harmonised Indices of Consumer Prices (HICP) are projected to increase from 0.9% in 2021 to 4.4% in 2022, before decreasing to 1.9% in 2023. I want to use all functionalities on this website. I understand that some functions will not be available. The maximum level was 105 index points and minimum was 1.09 index points. Global inflation is forecast to rise to 8.8% in 2022 from 4.7% in 2021 but decline to 6.5% in 2023 and to 4.1% by 2024, according to the . The main drivers were the energy and food components within the inflation basket. This shows that, despite the recent fall in gas prices, inflationary pressures will remain highand it will probably take until early next year for Portuguese inflation to fall below 10%. In September 2022, the monthly inflation rate was 1.23. . New, Insights into the worlds most important health markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development. Moreover, core inflation, which excludes the most volatile components, has averaged 0.8%. The maximum level was 105 Index Points and minimum was 4.95 Index Points. In particular, employers in the tourism and construction sectorsare struggling to fill vacancies. "Portugal: Inflation rate from 1987 to 2027 (compared to the previous year)." To use individual functions (e.g., mark statistics as favourites, set Then you can access your favorite statistics via the star in the header. the EUs Recovery and Resilience Facility. For the current inflation in Portugal (CPI), click here. Provisional data from the National Statistics Institute (INE) point to an increase in inflation in Portugal of around 7.2% in April, which is the highest value recorded since March 1993. Annual inflation: 4.70%. facts. And if INE estimates are confirmed, it means that inflation in . Currency values from before Portugal began using the Euro are converted for the purpose of these calculations by the OECD. This is the latest Consumer Price Index and Inflation Rate data for the United States. 100 in 1956 is equivalent in purchasing power to about 11,087.61 today, an increase of 10,987.61 over 66 years. Despite the slight increase in the overall unemployment rate, the labour market remains very tight. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook Research expert covering historical data Get in touch with us now , Jun 1, 2022 This statistic shows the average inflation rate in Portugal from 1987 to 2021, with projections up until 2027. 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. The 'Inflation %' column indicates how much prices have changed since the previous year. Core Consumer Prices in Portugal increased to 113 Index Points in September 2022. To get the total inflation rate for the 66 years between 1956 and 2022, we use the following formula: CPI in 2022 - CPI in 1956 CPI in 1956 100 = Cumulative inflation rate (66 years) Plugging in the values to this equation, we get: 114.1867 - 1.029859 1.029859 100 = 10,988% Data source & citation 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. We forecast a 10%, ArticleTightening swap spreads in euro are a reflection of markets pricing the prospect of, ArticleDemand concerns have weighed on oil prices so far this week. Strong demand is enabling firms to pass through increases in input costs, which continued to drive strong inflation outcomes . According to the OECD and the World Bank, each of these EUR amounts below is equal in terms of what it could buy at the time: This conversion table shows various other 1956 amounts in today's euros, based on the 10,987.61% change in prices: Our calculations use the following inflation rate formula to calculate the change in value between 1956 and today: Then plug in historical CPI values. Portugal: Inflation rate from 1987 to 2027 (compared to the previous year) [Graph]. Overnight stays were 2.9% above pre-pandemic levels in 3Q, thanks to a strong rebound in domestic tourism (+10.8% from 3Q19). Food Inflation in Portugal increased by 16.4 % in September 2022 over the same month in the previous year. Learn more about how Statista can support your business. Traditional inflation-resistant assets include real estate, commodities and consumer cyclical stocks. Portugal inflation rate for 2020 was -0.01%, a 0.35% decline from 2019. You can decide which cookies to allow and can change your cookie settings at any time. . April 19, 2022. UK charities received in donations in the first six months of 2022 will be . These numbers are released by Statistics Canada. 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. This offset the slightly lower number of stays booked by international tourists (-0.8% compared to 3Q19). The Fed should hike by 75bp today, but markets appear divided on the degree of openness to slower tightening by Chair Powell. In April, consumer sentiment remained quite downbeat due to the war in Ukraine, while inflation continued to spike, which is likely to weigh on consumer spending. Portuguese GDP grew 0.4% quarter-on-quarterin the third quarter, an improvement on the 0.1% growth in the second quarter. IMF. Annual Rate, the OECD and the World Bank CPI. Inflation is high and picked up more than expected in the March quarter of 2022. Inflation. You can click or tap the tables headers to sort the information. on the first row indicates that between 2016 and 2021, the average inflation rate was 0.79%. That's a little. The consumer price inflation rate in Portugal was confirmed at 9.3 percent year-on-year in September 2022, up from 8.9 percent in the previous month and the highest since September 1992,. 5.8. We suspect that lingering data-dependency may put off pivot speculation to the . The energy index increased 23.8%, below 32.9% in July. Portugal inflation rate for 2018 was 0.99%, a 0.37% decline from 2017. Directly accessible data for 170 industries from 50 countries The current inflation rate in Canada is 7.01%, which is calculated based on CPI (Consumer Price Index) values for the last 12 months ending in August 2022. The Portuguese CPI was 1.029859 in the year 1956 and 114.1867 in 2022: 100 in 1956 has the same "purchasing power" or "buying power" as 11,087.61 in 2022. The current inflation rate compared to last year is now 9.28%. The inflation rate in Portugal, one of Western Europe's poorest countries, hit a 30-year high of 9.3% last month. The maximum level was 110 Index Points and minimum was 4.59 Index Points. Inflation Portugal - portugal harmonised consumer price index HICP home: economic-indicators: inflation: consumer-prices: hicp: Inflation Portugal (HICP) Charts - historic harmonised inflation figures . Are you interested in testing our corporate solutions? Consumer Price Index in Portugal increased to 116 index points in September 2022. Underlying inflation is also high and stronger than anticipated. However, the sharp rise in core inflation from 6.9% to 7.1% shows that energy and food are not the only drivers and that inflation is increasingly spreading throughout the Portuguese economy. I agree with the use of all cookies. Read more about inflation and investment. Core inflation is set to remain below the headline rate until the end of 2022. By calculating the value in 1956 dollars, the chart below shows how 100 is worth less over 66 years. The average inflation rate around the world is 7.4%. 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. Despite high inflation, private consumption increased, allowing domestic demand to make a positive contribution to the growth figures. The ECB has raised interest rates by a combined 200 basis points over the past three meetings, and markets are pricing in a string of further moves that would take the 1.5% deposit rate close to 3 . 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. You can find upcoming CPI release dates on our schedule page. Euro Area. The maximum level was 104 Index Points and minimum was 3.31 Index Points. This website requires JavaScript to run properly. September's figure marked the highest inflation rate since September 1991. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. 07/11/2022 - 09:05 . The question is whether the accumulated delay or changes in the international scene - due . In. If you are an admin, please authenticate by logging in again. Morbi mollis felis pulvinar, sodales quam non, pellentesque sapien.. Chart. Cookies are small, simple text files stored in your computer, tablet or mobile phone when you visit a website or use an app. The following table contains recent YoY (Year-over-Year) and MoM (Month-over-Month) values. We may share information about your use of our site with our social media, advertising and analytics partners. To get the total inflation rate for the 66 years between 1956 and 2022, we use the following formula: Plugging in the values to this equation, we get: You may use the following MLA citation for this page: Portugal Inflation Calculator: World Bank data, 1956-2022 (EUR). Official Inflation Data, Alioth Finance, 7 Nov. 2022, https://www.officialdata.org/portugal/inflation. FX Daily: Dodging The Pivot. 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%. Robust public investment, boosted by EU funds, and the return of tourism exports are set to support the recovery. Inflation is on the rise across global economies. I want to use limited functionalities on this website and agree to the use of strictly necessary cookies only. Tourism, which represented about 15% of GDP before the pandemic, also remained a powerful growth driver. Inflation rose sharply again in October to 10.2% year-on-yearfrom 9.3% in the previous month, reaching thehighest level since May 1992. ET. This includes energy (+22.2%) and food (+16.4%). Portugal inflation rate for 2019 was 0.34%, a 0.66% decline from 2018. To calculate cumulative rates between two different periods, you can use the Portugal Inflation Calculator. Data published Monthly by Statistics. Countries with high energy dependence, such as Germany, Italy and Spain, are expected to see sharper price increases in 2022 with inflation forecast at 7.3%, 7.2% and 8.0%, respectively. As pandemic-related effects are reversed in 2021, inflation will rise. The global inflation rate surged from 4.35% in 2021, and 3.18% in 2020. may 2022: 7.999 %: april 2022: 7.204 %: march . The latest macroeconomic forecast for Portugal. Inflation is measured by the year-on-year rate of change of the Consumer Price Index (CPI). 6.7. 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. MADRID/LISBON (Reuters) - Surging energy prices pushed Spanish inflation to a peak of just under 10% in March, the highest in the euro area and nearly double the 5.3% in neighbouring Portugal -. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. Quick Analysis with our professional Research Service: Toplists & Rankings: Best Employers Portal, Show sources information According to the Chained CPI measurement, $1 in 2021 is equal in buying power to $1.07 in 2022, a difference of $0.07 (versus a converted amount of $1.10/change of $0.10 for All Items). Use Ask Statista Research Service, GDP growth forecast: Western Europe, U.S., U.K. and Germany 2010-2025, Share of economic sectors in the GDP in Portugal 2011-2021, Gross domestic product (GDP) growth rate in Portugal 2027, Gross domestic product (GDP) in Portugal 2027. In other words, a euro will pay for fewer items at the store. For example, if you started with 100, you would need to end with 11,087.61 in order to "adjust" for inflation (sometimes refered to as "beating inflation"). The Laspeyres formula is generally used. Wage . The latest indicators are already pointing to a deterioration in the economic outlook, likely pushing the economy into a mild recession from the fourth quarter onwards. However, theinflation shockhas deepened, reaching double digits in Octoberfor the first time. The maximum level was 31.27 % and minimum was -0.57 %. (View Release Schedule for details on upcoming releases) Data Provided By 2022 Inflation Charts U.S. CPI 2022 2022-01-01 2022-09-01 280 285 290 295 300 Chart by Visualizer Accessed November 10, 2022. https://www.statista.com/statistics/372347/inflation-rate-in-portugal/, IMF. Get full access to all features within our Corporate Solutions. The CPI is often considered a country's most important inflation figure. During the observation period from 1960 to 2021, the average inflation rate was 8.1% per year. Statista. For September 2022, the year-over-year inflation rate was 9.3%. In 2021, chained inflation was 4.49%. A euro today only buys 0.902% of what it could buy back then. In, IMF. La accin del precio de Ripple no va a ninguna parte ya que las ganancias del viernes se evaporan durante el fin de semana. may 2022: 8.090 %: april 2022: 7.388 %: march 2022: 5.482 %: february 2022: 4.371 %: january 2022: 3.396 %: december 2021: 2.784 %: HICP PT . Some 70% say inflation is "a very big problem" for the country, followed by roughly 55% for health-care affordability and violent crime, based on a poll of 5,074 U.S. adults in April and May 2022. Currently, you are using a shared account. When 100 is equivalent to 11,087.61 over time, that means that the "real value" of a single Portuguese euro decreases over time. In early September, the Portuguese government announced a support package to help households cope with rising inflation. Read more Historical Annual Inflation Rates from 1956 Statement on Monetary Policy - May 2022 4. Recent, Themes tagsEurozoneGDPInflationECBUSEmerging MarketsFXMonetary policyChinaHungary, The Portuguese economy performed much better than expected in the third quarter,growing0.4% whilethe labour market remained very tight. Your windows may soon produce power thanks to transparent solar panels and the scarcity of raw materials and construction materials", . Hiring intentions also remain intact for now, with arecent survey by Manpowerreporting historically high figures for expectationsfrom Portuguese companies forthe fourth quarter. Inflation measures the general evolution of prices. This involves inflation based on the CPI (consumer price index) and the HICP (harmonised consumer price index) . ", IMF, Portugal: Inflation rate from 1987 to 2027 (compared to the previous year) Statista, https://www.statista.com/statistics/372347/inflation-rate-in-portugal/ (last visited November 10, 2022), Portugal: Inflation rate from 1987 to 2027, Annual business confidence index for the industrial sector in EU 2008-2022, Annual business confidence index for the industrial sector Portugal 2008-2022, Industry revenue of manufacture of refined petroleum products in Portugal 2012-2025, Industry revenue of manufacture of motor vehicles in Portugal 2012-2025, Industry revenue of manufacture of footwear in Portugal 2012-2025, Industry revenue of manufacture of games and toys in Portugal 2012-2025, Industry revenue of aluminium production in Portugal 2012-2025, Annual business confidence index for the service sector Portugal 2008-2022, Industry revenue of restaurants and mobile food service activities in Portugal 2012-2025, Industry revenue of business and other management consultancy activities in Portugal 2011-2023, Industry revenue of buying and selling of own real estate in Portugal 2012-2025, Industry revenue of beverage serving activities in Portugal 2012-2025, Industry revenue of veterinary activities in Portugal 2012-2025, Annual business confidence index for the retail sector Portugal 2008-2022, Industry revenue of retail sale in non-specialised stores with food in Portugal 2012-2025, Industry revenue of sale of cars and light motor vehicles in Portugal 2012-2025, Industry revenue of retail sale of automotive fuel in specialised stores in Portugal 2012-2025, Industry revenue of dispensing chemist in specialised stores in Portugal 2012-2025, Industry revenue of retail sale of clothing in specialised stores in Portugal 2012-2025, Inflation rate in the Mashriq countries 2021, Portugal: monthly consumer price index for communications in 2018, Portugal: monthly consumer price index for health in 2018-2020, Portugal: house price index Q1 2016-Q2 2020, Professional social network penetration in Portugal 2011-2017, European patent applications from Portugal 2009-2021, Public opinion on eating a healthy and sustainable diet in Romania 2020, Portugal: Inflation rate from 1987 to 2027 (compared to the previous year), Find your information in our database containing over 20,000 reports, Find a brief overview of all Outlooks here, Tools and Tutorials explained in our Media Centre.
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