Portugal: Industrial output expands at fastest pace since June 2021 in August. However, tighter monetary policy conditions, subdued external demand and high inflation will cause economic output to stagnate in 2023. | Most recent CPI Portugal (inflation figure) 9.281 % 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. Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Quisque faucibus sapien eu sapien efficitur posuere. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. Explore The Economist's archive. Most notably, prices of shelter, vehicles, and medical care rose. It will offer the rate of inflation over the 12 months ended September 2022. The Portuguese CPI shows the change in prices of a standard package of goods and services which Portuguese households purchase for consumption. Data published Monthly by Statistics. We share context on the current crisis and what is happening, exactly at a macro level - inflation, recession, over-stimuli, etc - as well as in the start-up and VC world.</p><p><b . The annual core inflation rate, which excludes energy and unprocessed food products, rose to 6.9 per cent in . Lisbon If this number holds, 100 today will be equivalent in buying power to 109.28 next year. Twitter Press . 10.096%. For example, the 5-year avg. Google+, Copyright: 2022. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Please check your download folder. By the Numbers Consumer prices increased by 0.4% from August to September. global-rates.com . Portugal|Inflation, IANS The next inflation update is scheduled for release on Oct. 13 at 8:30 a.m. Inflation from August 2022 to September 2022 was 0.500%. 89.46.66.4 First Published: Fri, October 14 2022. Fiscal prudence will remain a priority, and the PS will continue to seek to cut public debt, which at 130% of GDP is among the highest in the EU. 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. Country Currency Current inflation rate (annual) Current inflation rate (quarter) Current inflation rate (month) Trend (last 10 years) Australia: Australian dollar: 6.14% (2022-Q2) 1.78% . Industrial output grew 4.9% year on year in seasonally-adjusted terms in August (July: -0.2% s.a. About Harmonized inflation came in at 9.8% in September, which was up from August's 9.3%. Read more: Portugal grapples with high energy prices and severe drought, Read more: Tourism in Portugal nears pre-pandemic levels. Portugal unemployment rate for 2019 was 6.46%, a 0.53% decline from 2018. The inflation rate year over year is 6.9% (compared to 7.0% for the previous month ). LinkedIn The inflation rate is based upon the consumer price index (CPI). The maximum level was 105 index points and minimum was 1.09 index points. 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. Quisque vitae sapien massa. The pandemic and the war have altered the business environments of different regions; Asia and the Middle East benefit. Portugal inflation rate for 2019 was 0.34%, a 0.66% decline from 2018. <p>Winter Has Arrived - the Burst of the Bubble and the Crisis Upon Us AND WE GOT IT RIGHT!</p><p>In this episode, we share that we were right, all along. The 'Inflation %' column indicates how much prices have changed since the previous year. View inflation rates for countries around the world. The election outcome will ensure political stability over the next four years. Inflation from August 2022 to September 2022 was 0.1%. Real GDP will return to its 2019 level in 2022, 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). 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. Online Store Consumer Price Index in Portugal increased to 116 index points in September 2022. On a monthly basis, consumer prices increased 1.2 per cent in September, up from a 0.9 per cent month-on-month rise in August. Inflation measured by consumer price index (CPI) is defined as the change in the prices of a basket of goods and services that are typically purchased by specific groups of households. Unlock incisive commentary only on Business Standard. Inflation is measured in terms of the annual growth rate and in index, 2015 base year with a breakdown for food, energy and total excluding food and energy. Looking for forecasts related to GDP in Portugal? October 3, 2022 The table below contains annual inflation rates in Portugal from 1956. Q3's reading marked the worst reading since Q1 2021. On an annual basis, economic growth waned notably to 4.9% in Q3, from the previous quarter's 7.4% increase. U.S. Canada; U.K. . September 2022. LinkedIn Currency values from before Portugal began using the Euro are converted for the purpose of these calculations by the OECD. The result represents a rise of 0.4 percentage points from the previous month, Xinhua news agency quoted the statistics office as saying. October 19, 2022. The inflation rate in Portugal accelerated to 9.3 per cent in September, the highest since October 1992, the National Statistics Institute said. Although a full breakdown is not yet available, the flash estimate revealed that domestic demand became a positive contributor to the reading, with private consumption growing despite higher inflation during the quarter. This website is using a security service to protect itself from online attacks. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.). Data published Monthly by Central Statistical Agency. Summary of inflation figures for 2008 Inflation figure: . This is down from 8.3% in August, according to a Oct. 13 report from the U.S. Bureau of Labor Statistics. Not to mention the prices of fuel, electricity, gas, rents, loan installments, etc. Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Energy prices surged 27.6 percent, driven by gas prices, while food costs jumped 18.9 percent, the most since June 1990. 1 Year-over-year inflation stood at 8.4% in September 2022. ET. Portugal - Interest Rate After Q1's surprisingly positive GDP figures, growth appears to be normalizing in Q2. Portugal: Harmonized inflation comes in at highest level since September 1991 in September. Access the latest politics analysis and economic growth summary through 2011 for Portugal from . Twitter Overall, the price increase was 9,658.38%. Is this really the inflation rate in Portugal today? Insightful news, sharp views, newsletters, e-paper, and more! Jun 1, 2022 This statistic shows the average inflation rate in Portugal from 1987 to 2021, with projections up until 2027. Inflation Rate in Ethiopia increased by 2.5 % in September 2022 over the previous month. Previous Canada Inflation Rate August 2022 to September 2022 0.1% The current inflation rate compared to last year is now 9.28%. CPI Portugal: Portugal: cpi: 0.780 % CPI Russia: Russia: cpi: 13.282 % CPI Slovakia: Slovakia: cpi: 4.360 % . 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,. Industrial output rose 0.9% year on year in seasonally-adjusted terms in September, which was a deterioration from August's 5.4% increase. Performance & security by Cloudflare. which requires having been an ERM-member for a minimum of two years without the presence of "severe tensions" for the currency exchange rate. We were in a bubble and the crisis is upon us. Portugal inflation rate for 2018 was 0.99%, a 0.37% decline from 2017. Duis laoreet erat nulla, at rutrum urna finibus at. The inflation rate in 1970 was 6.38%. Robust public investment, boosted by EU funds, and the return of tourism exports are set to support the recovery. Yet, the war in Ukraine, supply-chain disruptions and increases in energy and commodity prices will weigh on activity, lowering . The ruling centre-left Socialist Party (PS) won an absolute majority in January. 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). Current Canada inflation rate September 2022 6.9% The Consumer Price Index for Canada is 152.7 for the month of September 2022. Read more Historical Annual Inflation Rates from 1956 The table below contains annual inflation rates in Portugal from 1956. The latest data shows that CPI was 10.1% in. The inflation table and graph present the inflation rates during the last 12 months. Producer prices climbed 2.4 percent year-on-year in December, slower than the 3.2 percent increase seen. On the other hand, the external sector posted a smaller contribution. The global inflation rate surged from 4.35% in 2021, and 3.18% in 2020. Portugal inflation rate for 2021 was 1.27%, a 1.28% increase from 2020. Find in-depth analysis and coverage of world politics, economics, business, finance, science and more on the first row indicates that between 2016 and 2021, the average . Luckily, U.S. inflation has slightly eased for the third month in a row, reaching 8.2% in September. The 5-year and 10-year columns display the rolling average of the yearly inflation. An expected recession in the euro zone in the coming quarters will weigh heavily on growth in Portugal. Portugal unemployment rate for 2020 was 6.79%, a 0.33% increase from 2019. During the observation period from 1960 to 2021, the average inflation rate was 8.1% per year. Contents Overview 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. 12:14 IST. Interest rate: 0.00%: Inflation: 10% (August 2022) Unemployment: 6.6% (May 2022 . The World Inflation Rate The average inflation rate around the world is 7.4%. The inflation rate in 1956 was 3.20%. Please check your download folder. Jump to: Countries with the Highest Inflation Rates Countries with Hyperinflation Russian Inflation Copyrights 2022 Business Standard Private Ltd. All rights reserved. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. On an annual basis, economic growth waned notably to 4.9% in Q3, from the previous quarter's 7.4% increase. Cloudflare Ray ID: 767e45dcb9663750 The first phase is the expansion phase. If you click on an inflation figure, you will access a page with the current inflation figure. Google+, Facebook Inflation Rates. If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. Download a sample report now. Click to reveal "9.3%? The CPI inflation rates in the table are presented both on a monthly basis, compared to the month before, as well as on a yearly basis, compared to the same month last year. Portugal inflation rate for 2020 was -0.01%, a 0.35% decline from 2019. The inflation rate in Portugal accelerated to 9.3 per cent in September, the highest since October 1992, the National Statistics Institute said.. 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. Your IP: Last Updated at October 14, 2022 12:14 IST. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Harmonized inflation came in at 9.8% in September, which was up from Augusts 9.3%. Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more! Contents Overview You can email the site owner to let them know you were blocked. Inflation continued to put pressure on prices, more than economists expected for the second month in a row. The action you just performed triggered the security solution. Current inflation in Portugal CPI inflation Portugal september 2022: 9.28 % More CPI inflation rates Current inflation Portugal: extensive info Historic inflation Portugal: extensive info Overview of current inflation by country HICP inflation Portugal september 2022: 9.81 % More HICP inflation rates Current inflation Portugal: extensive info The great majority of the international trade is done within the European Union (EU), whose countries received 72.8% of the Portuguese exports and were the origin of 76.5% of the Portuguese imports in 2015. The annual core inflation rate, which excludes energy and unprocessed food products, rose to 6.9 per cent in September, up from 6.5 per cent the previous month. Historical Data (index points) by years Data Period Date Historical Chart by presidents (index points) Marcelo Rebelo Anbal Silva Jorge Sampaio Fitch Ratings has upgraded Portugal's Long Term Foreign Currency Issuer Default Rating (IDR) to 'BBB+' (more stable) from 'BBB' (less stable). The maximum level was 12.79 % and minimum was -34.44 %. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Client Log In, Facebook A breakdown of the deal would raise the risk of food insecurity in countries that rely on Ukrainian and Russian wheat. The current inflation rate compared to last year is now 9.28%. The September figure was the lowest in three months, preceded by a forty-year high of 9.1% earlier this year. 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. In the four highlighted items, there are increases in 34.74% (kitchen paper roll), 51.76% (chips), 67.79% (elbow dough) and After a record increase in gas and electricity bills in April, inflation is the highest in the G7. Download the Business Standard App for latest Business News and Market News . However, tighter monetary policy conditions, subdued external demand and high inflation will cause . Having reached 9% last month, it is above the 8.3% rate in the US and Germany's 7.4%. The Laspeyres formula is generally used. The largest upward contributions to the annual CPIH inflation rate in September 2022 came from housing and household services (principally from electricity, gas and other fuels, and owner. Portugal is capping the cost of gas used to fuel power plants, diversifying gas supply and cutting energy and water use. Negligible growth in the third quarter will be followed by contractions in the fourth quarter and first quarter of 2023. High prices for another year will have stark consequences for Europe's competitiveness, growth and policy landscape. | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed, GDP growth accelerates in the third quarter, Portugal: Industrial output growth loses pace in September, 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. Portugal unemployment rate for 2021 was 6.65%, a 0.14% decline from 2020. Japan,. Here are two invoices for purchases made in October 2021 and October 2022. In 2021, the average inflation rate increased in Portugal by about. TAP's operating revenue jumped to 1.1 billion euros from 444 million euros a year earlier, predominantly driven by increased fares and higher capacity as demand for travel returned in force after. 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. GDP growth accelerates in the third quarter. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Portugal's producer price inflation eased in December after accelerating in the previous month, figures from Statistics Portugal revealed Tuesday. In this article, we will look at global inflation rates by country and inflation around the world. If this number holds, 100 today will be equivalent in buying power to 109.28 next year. Portugal grapples with high energy prices and severe drought, Tourism in Portugal nears pre-pandemic levels, Singapore retains its lead in business environment rankings, Energy crisis will erode Europe's competitiveness in 2023, Black Sea grain deal under increased pressure from Russia, Europe chart of the week: economic growth stagnates. A detailed breakdown will be published on 30 November. Home > News > Never miss out on our latest data,analysis and industryevents. Each month's inflation figure shows how much these prices have risen since the same date last year. Currency values from before Portugal began using the Euro are converted for the purpose of these calculations by the OECD. 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Topics Read more. Consumer confidence came in at minus 38.6 in October, down from September's minus 35.8. What is inflation rate in Ethiopia 2022? Economic Forecast Summary (June 2022) Real GDP is projected to grow by 5.4% in 2022 and 1.7% in 2023. source: Statistics Portugal 1Y 5Y 10Y 25Y MAX Chart Compare Export API Embed The inflation rate year over year is 10.096% (compared to 9.870% for the previous month ). A detailed breakdown will be published on 30 November. This is when economic growth is positive, with a healthy 2% rate of inflation. The Consumer Price Index for United Kingdom is 123.764 for the month of September 2022. For 2021, an inflation rate of 1.3% was calculated. The result represents a rise of 0.4 percentage points from the previous month, Xinhua news agency quoted the statistics office as saying. Portugal, Germany, and France had all exceeded this amount, but the Council of Ministers had not voted to fine those . Morbi mollis felis pulvinar, sodales quam non, pellentesque sapien.. 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 This is known as the Consumer Prices Index (CPI). Q3's reading marked the worst reading since Q1 2021. 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. Inflation rates in Portugal The inflation rate for consumer prices in Portugal moved over the past 61 years between -0.8% and 31.0%. Portugal: Euro: 9.28% (2022-09) 1.04%: 1.23%: Russia . My Cart