Portugal Inflation Rate

Last Release

Apr 30, 2024

Actual

2.2

Units In

2.29

Frequency

Monthly

Next Release

May 31, 2024

Time to Release

30 Days 5 Hours

Highest	Lowest	Average	Date Range	Source
53.9 May 1977	-1.6 Jun 2009	8.07 %	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

Annual inflation rate in Portugal eased slightly to 2.2% in April 2024, from 2.3% in March, preliminary estimates showed. Prices accelerated year-on-year for energy (7.9% vs 4.8% in March), processed food (1.3% vs 1%) and non-processed food (0.01% vs -0.5%). On the other hand, core inflation rate declined (2% vs 2.5%), the lowest since end of 2021.On a monthly basis, consumer prices went up 0.5%, easing from a 2% increase in March.