Portugal Inflation Rate

Last Release

Dec 31, 2025

Actual

2.2

Units In

2.2

Frequency

Monthly

Next Release

Jan 30, 2026

Time to Release

29 Days 4 Hours

Highest	Lowest	Average	Date Range	Source
53.9 May 1977	-1.6 Jun 2009	7.92 %	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

The annual inflation rate in Portugal stood at a seven-month low of 2.2% in December 2025, unchanged from November, preliminary estimates showed. Energy prices continued to decline (-2.4% vs -0.8% in November) and processed food inflation eased (0.9% vs 1.2%). Meanwhile, the index for unprocessed food rose 6.0%, matching November's rate. The core inflation index, which excludes energy and unprocessed food products components, edged up to 2.1% in December from 2% in the prior month. Meanwhile, the EU-harmonized index of consumer prices (HICP) inched up to 2.4% from 2.1% previously, sitting above the European Central Bank’s midpoint target. On a monthly basis, consumer prices rose 0.1%, after a 0.3% decrease in the previous month. The average inflation rate decelerated to 2.3% in 2025 from 2.4% a year ago.