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Portugal Inflation Rate

Portugal's inflation rate decreased to 2.4% in September 2025. This is the lowest rate observed in three months, down from 2.8% in August 2025. Portugal's record low inflation rate was -1.66% in September 2009 and record high was 53.9% in May 1977.

Monthly Historical Data (1961-2025)

(in %)
Month Inflation Rate
Sep 2025 2.4%
Aug 2025 2.8%
Jul 2025 2.6%
Jun 2025 2.4%
May 2025 2.3%
Apr 2025 2.1%
Mar 2025 1.9%
Feb 2025 2.4%
Jan 2025 2.5%
Dec 2024 3%
Nov 2024 2.5%
Oct 2024 2.3%
Sep 2024 2.1%
Aug 2024 1.9%
Jul 2024 2.5%
Jun 2024 2.8%
May 2024 3.1%
Apr 2024 2.2%
Mar 2024 2.3%
Feb 2024 2.1%
Jan 2024 2.3%
Dec 2023 1.4%
Nov 2023 1.5%
Oct 2023 2.1%
Sep 2023 3.6%
Aug 2023 3.7%
Jul 2023 3.1%
Jun 2023 3.4%
May 2023 4%
Apr 2023 5.7%
Mar 2023 7.4%
Feb 2023 8.2%
Jan 2023 8.4%
Dec 2022 9.6%
Nov 2022 9.9%
Oct 2022 10.1%
Sep 2022 9.3%
Aug 2022 8.9%
Jul 2022 9.1%
Jun 2022 8.7%
May 2022 8%
Apr 2022 7.2%
Mar 2022 5.3%
Feb 2022 4.2%
Jan 2022 3.3%
Dec 2021 2.7%
Nov 2021 2.6%
Oct 2021 1.8%
Sep 2021 1.5%
Aug 2021 1.5%
Jul 2021 1.5%
Jun 2021 0.5%
May 2021 1.2%
Apr 2021 0.6%
Mar 2021 0.5%
Feb 2021 0.5%
Jan 2021 0.3%
Dec 2020 -0.2%
Nov 2020 -0.2%
Oct 2020 -0.1%
Sep 2020 -0.1%
Aug 2020 0%
Jul 2020 0.1%
Jun 2020 0.1%
May 2020 -0.7%
Apr 2020 -0.2%
Mar 2020 0%
Feb 2020 0.4%
Jan 2020 0.8%
Dec 2019 0.4%
Nov 2019 0.3%
Oct 2019 0%
Sep 2019 -0.1%
Aug 2019 -0.1%
Jul 2019 -0.3%
Jun 2019 0.4%
May 2019 0.4%
Apr 2019 0.8%
Mar 2019 0.8%
Feb 2019 0.9%
Jan 2019 0.5%
Dec 2018 0.7%
Nov 2018 0.9%
Oct 2018 1%
Sep 2018 1.4%
Aug 2018 1.2%
Jul 2018 1.6%
Jun 2018 1.5%
May 2018 1%
Apr 2018 0.4%
Mar 2018 0.7%
Feb 2018 0.6%
Jan 2018 1%
Dec 2017 1.5%
Nov 2017 1.5%
Oct 2017 1.4%
Sep 2017 1.4%
Aug 2017 1.1%
Jul 2017 0.9%
Jun 2017 0.9%
May 2017 1.5%
Apr 2017 2%
Mar 2017 1.4%
Feb 2017 1.6%
Jan 2017 1.3%
Dec 2016 0.9%
Nov 2016 0.6%
Oct 2016 0.9%
Sep 2016 0.6%
Aug 2016 0.7%
Jul 2016 0.6%
Jun 2016 0.5%
May 2016 0.3%
Apr 2016 0.5%
Mar 2016 0.4%
Feb 2016 0.4%
Jan 2016 0.8%
Dec 2015 0.4%
Nov 2015 0.6%
Oct 2015 0.6%
Sep 2015 0.9%
Aug 2015 0.7%
Jul 2015 0.8%
Jun 2015 0.8%
May 2015 1%
Apr 2015 0.4%
Mar 2015 0.3%
Feb 2015 -0.2%
Jan 2015 -0.4%
Dec 2014 -0.4%
Nov 2014 0%
Oct 2014 0%
Sep 2014 -0.4%
Aug 2014 -0.4%
Jul 2014 -0.9%
Jun 2014 -0.4%
May 2014 -0.4%
Apr 2014 -0.1%
Mar 2014 -0.4%
Feb 2014 -0.1%
Jan 2014 0.1%
Dec 2013 0.2%
Nov 2013 -0.2%
Oct 2013 -0.2%
Sep 2013 0.1%
Aug 2013 0.2%
Jul 2013 0.8%
Jun 2013 1%
May 2013 0.7%
Apr 2013 0.2%
Mar 2013 0.5%
Feb 2013 0%
Jan 2013 0.2%
Dec 2012 1.9%
Nov 2012 1.9%
Oct 2012 2.1%
Sep 2012 2.9%
Aug 2012 3.1%
Jul 2012 2.8%
Jun 2012 2.7%
May 2012 2.7%
Apr 2012 3%
Mar 2012 3.1%
Feb 2012 3.6%
Jan 2012 3.5%
Dec 2011 3.6%
Nov 2011 3.9%
Oct 2011 4.2%
Sep 2011 3.6%
Aug 2011 2.9%
Jul 2011 3.2%
Jun 2011 3.4%
May 2011 3.8%
Apr 2011 4%
Mar 2011 4%
Feb 2011 3.6%
Jan 2011 3.6%
Dec 2010 2.5%
Nov 2010 2.3%
Oct 2010 2.3%
Sep 2010 2%
Aug 2010 2%
Jul 2010 1.9%
Jun 2010 1.2%
May 2010 1.1%
Apr 2010 0.7%
Mar 2010 0.6%
Feb 2010 0.2%
Jan 2010 0.1%
Dec 2009 0%
Nov 2009 -0.6%
Oct 2009 -1.5%
Sep 2009 -1.7%
Aug 2009 -1.3%
Jul 2009 -1.5%
Jun 2009 -1.6%
May 2009 -1.2%
Apr 2009 -0.5%
Mar 2009 -0.5%
Feb 2009 0.2%
Jan 2009 0.3%
Dec 2008 0.8%
Nov 2008 1.4%
Oct 2008 2.4%
Sep 2008 3.1%
Aug 2008 3%
Jul 2008 3%
Jun 2008 3.3%
May 2008 2.8%
Apr 2008 2.5%
Mar 2008 3.1%
Feb 2008 2.9%
Jan 2008 2.8%
Dec 2007 2.7%
Nov 2007 2.8%
Oct 2007 2.6%
Sep 2007 2.1%
Aug 2007 2.1%
Jul 2007 2.4%
Jun 2007 2.4%
May 2007 2.4%
Apr 2007 2.7%
Mar 2007 2.3%
Feb 2007 2.3%
Jan 2007 2.6%
Dec 2006 2.5%
Nov 2006 2.4%
Oct 2006 2.7%
Sep 2006 3.1%
Aug 2006 2.8%
Jul 2006 3.1%
Jun 2006 3.7%
May 2006 3.7%
Apr 2006 3.7%
Mar 2006 3.9%
Feb 2006 3%
Jan 2006 2.7%
Dec 2005 2.6%
Nov 2005 2.6%
Oct 2005 2.7%
Sep 2005 2.9%
Aug 2005 2.6%
Jul 2005 2.1%
Jun 2005 1.6%
May 2005 1.8%
Apr 2005 2.1%
Mar 2005 2.2%
Feb 2005 2.1%
Jan 2005 2%
Dec 2004 2.5%
Nov 2004 2.5%
Oct 2004 2.2%
Sep 2004 2.1%
Aug 2004 2.4%
Jul 2004 2.8%
Jun 2004 2.7%
May 2004 2.4%
Apr 2004 2.3%
Mar 2004 2.3%
Feb 2004 2.1%
Jan 2004 2.3%
Dec 2003 2.4%
Nov 2003 2.5%
Oct 2003 3%
Sep 2003 3.1%
Aug 2003 2.8%
Jul 2003 2.9%
Jun 2003 3.3%
May 2003 3.7%
Apr 2003 3.7%
Mar 2003 3.9%
Feb 2003 4.2%
Jan 2003 4%
Dec 2002 4.1%
Nov 2002 4.1%
Oct 2002 4%
Sep 2002 3.7%
Aug 2002 3.8%
Jul 2002 3.4%
Jun 2002 3.4%
May 2002 3.3%
Apr 2002 3.5%
Mar 2002 3.3%
Feb 2002 3.3%
Jan 2002 3.6%
Dec 2001 3.7%
Nov 2001 3.9%
Oct 2001 4.1%
Sep 2001 4.1%
Aug 2001 4%
Jul 2001 4.3%
Jun 2001 4.5%
May 2001 4.8%
Apr 2001 4.5%
Mar 2001 5.1%
Feb 2001 4.7%
Jan 2001 4.4%
Dec 2000 4%
Nov 2000 3.7%
Oct 2000 3.5%
Sep 2000 3.4%
Aug 2000 3.4%
Jul 2000 3.2%
Jun 2000 2.9%
May 2000 2.6%
Apr 2000 2.1%
Mar 2000 1.6%
Feb 2000 1.9%
Jan 2000 2.1%
Dec 1999 1.9%
Nov 1999 2%
Oct 1999 2%
Sep 1999 2%
Aug 1999 2%
Jul 1999 2.2%
Jun 1999 2.4%
May 1999 2.4%
Apr 1999 2.9%
Mar 1999 2.9%
Feb 1999 2.8%
Jan 1999 2.7%
Dec 1998 3.1%
Nov 1998 3%
Oct 1998 3.2%
Sep 1998 3%
Aug 1998 3%
Jul 1998 3%
Jun 1998 2.8%
May 1998 2.6%
Apr 1998 2.7%
Mar 1998 2.4%
Feb 1998 2.1%
Jan 1998 1.9%
Dec 1997 2.6%
Nov 1997 2.5%
Oct 1997 2%
Sep 1997 1.6%
Aug 1997 1.7%
Jul 1997 2%
Jun 1997 2.3%
May 1997 2.3%
Apr 1997 2%
Mar 1997 2.5%
Feb 1997 2.7%
Jan 1997 3.8%
Dec 1996 3.4%
Nov 1996 3.1%
Oct 1996 3%
Sep 1996 3.4%
Aug 1996 3.6%
Jul 1996 3.7%
Jun 1996 3.5%
May 1996 3.4%
Apr 1996 2.8%
Mar 1996 2.3%
Feb 1996 2.4%
Jan 1996 2.5%
Dec 1995 3.5%
Nov 1995 4%
Oct 1995 3.9%
Sep 1995 4.2%
Aug 1995 4.1%
Jul 1995 3.8%
Jun 1995 3.9%
May 1995 4.4%
Apr 1995 4.6%
Mar 1995 4.8%
Feb 1995 4.6%
Jan 1995 4.4%
Dec 1994 4.3%
Nov 1994 4.2%
Oct 1994 4.8%
Sep 1994 4.9%
Aug 1994 5.1%
Jul 1994 5.2%
Jun 1994 5.8%
May 1994 5.8%
Apr 1994 6.1%
Mar 1994 6.1%
Feb 1994 6.3%
Jan 1994 6.5%
Dec 1993 6.6%
Nov 1993 6.8%
Oct 1993 6.6%
Sep 1993 6.2%
Aug 1993 6.1%
Jul 1993 6.1%
Jun 1993 5.8%
May 1993 5.9%
Apr 1993 6.5%
Mar 1993 7.5%
Feb 1993 8%
Jan 1993 8.5%
Dec 1992 9.1%
Nov 1992 9.1%
Oct 1992 9.2%
Sep 1992 9.5%
Aug 1992 9.5%
Jul 1992 10%
Jun 1992 10%
May 1992 10.2%
Apr 1992 10.1%
Mar 1992 9%
Feb 1992 8.6%
Jan 1992 9.2%
Dec 1991 8.1%
Nov 1991 8.4%
Oct 1991 8.7%
Sep 1991 9.3%
Aug 1991 10.4%
Jul 1991 10.9%
Jun 1991 11.2%
May 1991 11%
Apr 1991 11.3%
Mar 1991 12.1%
Feb 1991 12.2%
Jan 1991 12.9%
Dec 1990 13.7%
Nov 1990 14.1%
Oct 1990 14.4%
Sep 1990 13.7%
Aug 1990 12.7%
Jul 1990 13.3%
Jun 1990 13.6%
May 1990 14%
Apr 1990 12.9%
Mar 1990 12.8%
Feb 1990 13.1%
Jan 1990 12.1%
Dec 1989 11.6%
Nov 1989 11.7%
Oct 1989 12.3%
Sep 1989 12.7%
Aug 1989 13.7%
Jul 1989 13.3%
Jun 1989 13.1%
May 1989 13%
Apr 1989 13.1%
Mar 1989 12.4%
Feb 1989 12.2%
Jan 1989 12.2%
Dec 1988 11.7%
Nov 1988 11.9%
Oct 1988 10.7%
Sep 1988 10.9%
Aug 1988 10%
Jul 1988 9.7%
Jun 1988 9.2%
May 1988 8%
Apr 1988 8%
Mar 1988 8.2%
Feb 1988 8.8%
Jan 1988 8.5%
Dec 1987 8.9%
Nov 1987 9.3%
Oct 1987 9.8%
Sep 1987 9.3%
Aug 1987 9.4%
Jul 1987 9.3%
Jun 1987 8.9%
May 1987 9.8%
Apr 1987 8.9%
Mar 1987 9.7%
Feb 1987 9.6%
Jan 1987 9.8%
Dec 1986 10.6%
Nov 1986 10.5%
Oct 1986 11.4%
Sep 1986 11.8%
Aug 1986 11.5%
Jul 1986 11.2%
Jun 1986 11.6%
May 1986 11.5%
Apr 1986 12.3%
Mar 1986 12.2%
Feb 1986 12.6%
Jan 1986 14.2%
Dec 1985 16.9%
Nov 1985 16.1%
Oct 1985 16%
Sep 1985 15.9%
Aug 1985 16.1%
Jul 1985 17.3%
Jun 1985 20.1%
May 1985 23.8%
Apr 1985 22.3%
Mar 1985 23.1%
Feb 1985 26%
Jan 1985 24.6%
Dec 1984 21.2%
Nov 1984 24.9%
Oct 1984 25.8%
Sep 1984 27%
Aug 1984 31.1%
Jul 1984 32.9%
Jun 1984 32.2%
May 1984 30.3%
Apr 1984 31.3%
Mar 1984 31.7%
Feb 1984 30%
Jan 1984 30.7%
Dec 1983 33.9%
Nov 1983 32.1%
Oct 1983 30.1%
Sep 1983 28.5%
Aug 1983 25.8%
Jul 1983 24.1%
Jun 1983 21.3%
May 1983 20.4%
Apr 1983 20.7%
Mar 1983 20.3%
Feb 1983 20.5%
Jan 1983 21.5%
Dec 1982 18.8%
Nov 1982 18.8%
Oct 1982 19.4%
Sep 1982 20.8%
Aug 1982 21.1%
Jul 1982 22.2%
Jun 1982 25.8%
May 1982 25.4%
Apr 1982 26.1%
Mar 1982 27.1%
Feb 1982 25.5%
Jan 1982 23.7%
Dec 1981 25%
Nov 1981 25.4%
Oct 1981 24.6%
Sep 1981 23.6%
Aug 1981 21.8%
Jul 1981 19.8%
Jun 1981 17.7%
May 1981 18.2%
Apr 1981 17.3%
Mar 1981 15%
Feb 1981 15%
Jan 1981 15.6%
Dec 1980 13.1%
Nov 1980 11.6%
Oct 1980 12%
Sep 1980 12.7%
Aug 1980 16%
Jul 1980 17.5%
Jun 1980 16.6%
May 1980 15.6%
Apr 1980 19.6%
Mar 1980 22.4%
Feb 1980 22.8%
Jan 1980 22.7%
Dec 1979 22.3%
Nov 1979 23.1%
Oct 1979 23.2%
Sep 1979 25.4%
Aug 1979 23.4%
Jul 1979 22.6%
Jun 1979 24.2%
May 1979 24%
Apr 1979 21.5%
Mar 1979 25.9%
Feb 1979 25.1%
Jan 1979 23.1%
Dec 1978 25.1%
Nov 1978 25.3%
Oct 1978 25.7%
Sep 1978 24.2%
Aug 1978 21.8%
Jul 1978 21.7%
Jun 1978 19.9%
May 1978 19.6%
Apr 1978 19.3%
Mar 1978 15.8%
Feb 1978 24.9%
Jan 1978 28.4%
Dec 1977 25.4%
Nov 1977 27.6%
Oct 1977 27.5%
Sep 1977 28.9%
Aug 1977 33.2%
Jul 1977 33.6%
Jun 1977 44.5%
May 1977 53.9%
Apr 1977 48.3%
Mar 1977 34.9%
Feb 1977 27%
Jan 1977 18.8%
Dec 1976 27.2%
Nov 1976 29.7%
Oct 1976 28.3%
Sep 1976 23.1%
Aug 1976 25.3%
Jul 1976 21.1%
Jun 1976 12.5%
May 1976 9%
Apr 1976 12.7%
Mar 1976 18.3%
Feb 1976 21.2%
Jan 1976 23.7%
Dec 1975 21.3%
Nov 1975 14.7%
Oct 1975 13.3%
Sep 1975 11%
Aug 1975 11.3%
Jul 1975 16.9%
Jun 1975 17%
May 1975 13.9%
Apr 1975 14.6%
Mar 1975 14.7%
Feb 1975 13.1%
Jan 1975 22.3%
Dec 1974 18.5%
Nov 1974 22.9%
Oct 1974 25.3%
Sep 1974 31.4%
Aug 1974 28.8%
Jul 1974 25.8%
Jun 1974 25.7%
May 1974 25.7%
Apr 1974 26.5%
Mar 1974 28.8%
Feb 1974 23.2%
Jan 1974 19.4%
Dec 1973 19.7%
Nov 1973 16.8%
Oct 1973 16.5%
Sep 1973 15.2%
Aug 1973 13.6%
Jul 1973 12.1%
Jun 1973 12.2%
May 1973 9%
Apr 1973 10.4%
Mar 1973 8.9%
Feb 1973 11.2%
Jan 1973 9.5%
Dec 1972 8.4%
Nov 1972 5.3%
Oct 1972 7.3%
Sep 1972 8.2%
Aug 1972 10.1%
Jul 1972 11%
Jun 1972 10.6%
May 1972 14.4%
Apr 1972 11.6%
Mar 1972 13.4%
Feb 1972 15%
Jan 1972 13.8%
Dec 1971 14.9%
Nov 1971 17.7%
Oct 1971 15.1%
Sep 1971 13.8%
Aug 1971 11.8%
Jul 1971 12.3%
Jun 1971 12.4%
May 1971 12%
Apr 1971 10.5%
Mar 1971 8.1%
Feb 1971 7.9%
Jan 1971 5.9%
Dec 1970 4.6%
Nov 1970 3.7%
Oct 1970 5.1%
Sep 1970 7.2%
Aug 1970 7.8%
Jul 1970 6.8%
Jun 1970 6.9%
May 1970 4.3%
Apr 1970 6.8%
Mar 1970 7.3%
Feb 1970 5.9%
Jan 1970 10.6%
Dec 1969 10.7%
Nov 1969 10.7%
Oct 1969 10.9%
Sep 1969 8.9%
Aug 1969 8.5%
Jul 1969 9%
Jun 1969 8.5%
May 1969 10.1%
Apr 1969 7.9%
Mar 1969 7.9%
Feb 1969 7.4%
Jan 1969 4.8%
Dec 1968 4.2%
Nov 1968 4.8%
Oct 1968 3.8%
Sep 1968 3.8%
Aug 1968 4.4%
Jul 1968 6.2%
Jun 1968 7.4%
May 1968 8%
Apr 1968 7.3%
Mar 1968 6.7%
Feb 1968 8%
Jan 1968 8.6%
Dec 1967 9.2%
Nov 1967 7.4%
Oct 1967 6.3%
Sep 1967 7.6%
Aug 1967 7.1%
Jul 1967 5.4%
Jun 1967 4.8%
May 1967 3.6%
Apr 1967 4.1%
Mar 1967 4.1%
Feb 1967 2.9%
Jan 1967 3.6%
Dec 1966 4.2%
Nov 1966 4.8%
Oct 1966 6.7%
Sep 1966 4.9%
Aug 1966 4.3%
Jul 1966 5%
Jun 1966 3.7%
May 1966 5%
Apr 1966 4.9%
Mar 1966 6.2%
Feb 1966 7.5%
Jan 1966 5%
Dec 1965 3.7%
Nov 1965 4.4%
Oct 1965 3.1%
Sep 1965 3.8%
Aug 1965 2.5%
Jul 1965 2.6%
Jun 1965 3.2%
May 1965 3.2%
Apr 1965 3.2%
Mar 1965 2.5%
Feb 1965 2.6%
Jan 1965 3.9%
Dec 1964 3.2%
Nov 1964 2.6%
Oct 1964 3.9%
Sep 1964 4.6%
Aug 1964 4.6%
Jul 1964 6.1%
Jun 1964 4%
May 1964 3.3%
Apr 1964 2.6%
Mar 1964 2.6%
Feb 1964 2%
Jan 1964 2.7%
Dec 1963 3.3%
Nov 1963 2%
Oct 1963 1.3%
Sep 1963 1.3%
Aug 1963 2%
Jul 1963 -0.7%
Jun 1963 2%
May 1963 2.7%
Apr 1963 2.7%
Mar 1963 3.4%
Feb 1963 3.4%
Jan 1963 2%
Dec 1962 2%
Nov 1962 2.7%
Oct 1962 2%
Sep 1962 1.4%
Aug 1962 1.4%
Jul 1962 2.8%
Jun 1962 2.8%
May 1962 2.8%
Apr 1962 4.2%
Mar 1962 3.5%
Feb 1962 2.1%
Jan 1962 2.8%
Dec 1961 2.1%
Nov 1961 2.8%
Oct 1961 3.5%
Sep 1961 3.5%
Aug 1961 2.8%
Jul 1961 2.1%
Jun 1961 0.7%
May 1961 1.4%
Apr 1961 0.7%
Mar 1961 -0.7%
Feb 1961 0%
Jan 1961 0%

Recent Events

datetime event actual previous consensus
2025-10-10 06:00 AM Inflation Rate YoY Final (Sep) 2.4% 2.8% 2.4%
2025-09-30 06:00 AM Inflation Rate YoY Prel (Sep) 2.4% 2.8% -
2025-09-10 06:00 AM Inflation Rate YoY Final (Aug) 2.8% 2.6% 2.8%
2025-08-29 06:00 AM Inflation Rate YoY Prel (Aug) 2.8% 2.6% -

Next Release Date :

Portugal Inflation Rate : Definition
Portugal's inflation rate measures the year-over-year percentage change in the Consumer Price Index (CPI), published by Statistics Portugal. The most important categories are housing and utilities, food and non-alcoholic beverages, transport, and restaurants.