Portugal CPI (YoY)
Published:
Annual change in Portugal's national consumer price index (IPC), published by Statistics Portugal as a flash estimate and then a final figure.
Full explanation
Portugal CPI (YoY) is the annual percentage change in Portugal's national Consumer Price Index (Índice de Preços no Consumidor, IPC), published by Statistics Portugal (INE). It is not seasonally adjusted. It is the national CPI, not the Harmonised Index of Consumer Prices (IHPC/HICP), which INE publishes alongside and which can differ noticeably. INE publishes a flash estimate (estimativa rápida) at the end of the reference month and the final figure around ten days into the following month; the calendar shows both under this name.
Why traders watch it
Portugal's inflation feeds into the euro-area picture and into domestic wage and pension indexation.
Stronger vs weaker outcomes
A higher-than-expected reading points to stronger price pressure and can lift expectations of tighter monetary policy; a lower reading points the other way.
A higher reading means Portuguese consumer prices rose faster over the past year.
A lower reading means they rose more slowly.
Higher means faster Portuguese inflation; lower means slower.
Release details
- Release frequency
- Monthly (flash at month-end, final about ten days later)
Typical volatility
Low. Flash and final releases share this name. The national IPC and the harmonised IHPC can differ by several tenths of a point; do not compare one with the other.
Trading considerations
- Distinguish the national IPC from the harmonised IHPC.
- Compare flash with final.
Educational guidance only — never a trading signal or recommendation.
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