Portugal Inflation Rate

Last Release

Dec 31, 2024

Actual

Units In

2.5

Frequency

Monthly

Next Release

Feb 28, 2025

Time to Release

27 Days 13 Hours

Highest	Lowest	Average	Date Range	Source
53.9 May 1977	-1.6 Jun 2009	8.01 %	1961-2024	Statistics Portugal

In Portugal, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods. The most important categories in the Portuguese consumer price index are Food and non-alcoholic beverages (20.8 percent of the total weight), Transport (14 percent), Miscellaneous Goods and Services (10.4 percent) and Housing, water, electricity, gas and other fuels (10.3 percent). Restaurants and Hotels account for 8.6 percent, Recreation and Culture for 7.2 percent and Clothing and Footwear for 6.9 percent. The index also includes: Health (6.3 percent) and Furnishings, household equipment and routine maintenance of the house (6.2 percent). Alcoholic beverages and tobacco, Communication and Education account for the remaining 9.4 percent.

Latest Updates

The consumer price inflation rate in Portugal fell to 2.5% in January 2025, down from 3.0% in the previous month, according to a preliminary estimate. Food inflation slowed sharply, with unprocessed food prices rising by 1.8% compared to 3.4% the month before, while processed food costs increased by 1.5% after a 3.2% advance. Additionally, energy inflation dropped to 2.4% from 4.9%. Core inflation, which excludes volatile items such as unprocessed food and energy, eased to 2.6% from 2.8%. On a monthly basis, consumer prices declined by 0.5% in January, following a 0.1% increase in December.