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Inflation Rate Trends and Forecast for Portugal from 1990 to 2029

Inflation Rate Trends and Forecast for Portugal from 1990 to 2029

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TGM StatBox. (2024). Inflation Rate Trends and Forecast for Portugal from 1990 to 2029. TGM StatBox.
Chart Details
Data Source: International Monetary Fund (IMF)
Timeframe: 1990-2029
Country: Portugal
Published date: 2024
Note: The Inflation rate (average consumer prices), as defined by the International Monetary Fund (IMF), measures the annual percentage change in the average level of prices of goods and services consumed by households.
Key Takeaways
Portugal’s inflation was high in the early 1990s, peaking at 13.4% in 1990 as the country transitioned into the European Monetary Union. Inflation steadily declined, hitting -0.9% in 2009 during the eurozone debt crisis. The rate spiked to 8.1% in 2022 due to energy price shocks and supply chain disruptions.

Projections show inflation stabilizing at 2.0% from 2025, reflecting Portugal’s alignment with EU economic policies and successful recovery measures.

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