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Portugal Annual Inflation Rate

Portugal's annual inflation rate fell to 2.42% in 2024, down from 4.31% in 2023, according to World Bank. This represents a decrease of 1.89% from the previous year. Portugal has annual inflation rate lower than the global median (2.42% vs median 3.16%). Compared with the median in Europe, Portugal is lower (2.42% vs regional median 2.76%) and ranks 26th out of 43 countries in Europe.

Yearly Historical Data (1960-2024)

(in %)
Year Annual Inflation Rate (%)
2024 2.42%
2023 4.31%
2022 7.83%
2021 1.27%
2020 -0.01%
2019 0.34%
2018 0.99%
2017 1.37%
2016 0.61%
2015 0.49%
2014 -0.28%
2013 0.27%
2012 2.77%
2011 3.65%
2010 1.4%
2009 -0.84%
2008 2.59%
2007 2.45%
2006 3.11%
2005 2.28%
2004 2.37%
2003 3.22%
2002 3.6%
2001 4.37%
2000 2.85%
1999 2.34%
1998 2.57%
1997 2.34%
1996 3.07%
1995 4.22%
1994 5.42%
1993 6.78%
1992 9.56%
1991 11.85%
1990 13.63%
1989 12.69%
1988 10.1%
1987 9.63%
1986 12.33%
1985 19.46%
1984 28.38%
1983 24%
1982 21.68%
1981 19.04%
1980 15.87%
1979 21.9%
1978 21.04%
1977 31.02%
1976 21.14%
1975 15.27%
1974 25.08%
1973 12.97%
1972 10.66%
1971 11.95%
1970 6.38%
1969 8.78%
1968 6.08%
1967 5.53%
1966 5.04%
1965 3.42%
1964 3.44%
1963 2.02%
1962 2.66%
1961 1.55%
1960 3.05%
Portugal Annual Inflation Rate : Definition
Annual Inflation Rate measures the yearly percentage increase in consumer prices in Portugal.
Indicator Last Value Prior Value Period
Core Inflation Rate 2% 2.4% Sep'25
Inflation Rate 2.4% 2.8% Sep'25
Inflation Rate MoM 0.9% -0.2% Sep'25
Producer Price Index (PPI) -3.7% -4.3% Sep'25