Portugal Inflation Rate

Last Release

Jun 30, 2025

Actual

2.4

Units In

2.3

Frequency

Monthly

Next Release

Jul 31, 2025

Time to Release

29 Days 7 Hours

Highest	Lowest	Average	Date Range	Source
53.9 May 1977	-1.6 Jun 2009	7.97 %	1961-2025	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

Portugal’s annual inflation rate rose to 2.4% in June 2025, up from 2.3% in May, according to a preliminary estimate. This marks the highest level since February, largely driven by a sharp increase in food prices. Unprocessed food inflation accelerated to 4.7% (from 4.0%), while processed food prices rose by 1.3% (from 1.1%). In contrast, energy prices fell by 1.3% year-on-year, reversing a 0.1% increase in the previous month. Core inflation—which excludes volatile components like food and energy—also picked up, rising to 2.4% from 2.2%. Meanwhile, the EU-harmonized index of consumer prices (HICP) climbed to 2.1% from 1.7%, pushing above the European Central Bank’s 2% midpoint target.