Portugal Inflation Rate
How much consumer prices are rising compared with a year ago, on the EU's harmonised index (HICP), the measure the ECB uses.
3.5%
Matches the latest releaseNot refreshed recently, awaiting the next release
Explore the full Portugal economy15 live indicators on one dashboard, from growth and prices to jobs, trade and public finances. Checked hourly against official sources.Inflation Rate
Jan 1997 to Aug 2026
Source: FRED series CP0000PTM086NEST · HICP, all items, year on year.
Portugal Inflation Rate in context
Worked out from the published series shown above.
In Portugal, the inflation rate rose by 1.0pp over the year to Aug 2026, from 2.5% in Aug 2025.
It is the highest reading since May 2024.
Over the past five years it has ranged from 1.3% in Aug 2021 to 10.6% in Oct 2022.
Its average since Jan 1997 is 2.2%, and the latest reading is above that.
Portugal is 13th of 37 countries in our Inflation Rate by Country ranking.
How this series is defined
Everything you need to check the figure against the source.
- Source
- FRED
- Series
- CP0000PTM086NEST
- Frequency
- Monthly
- Unit
- %
- Seasonal adjustment
- Not seasonally adjusted
- Latest observation
- Aug 2026
- Revision status
- Latest published estimate, subject to revision
INE's national CPI, Portugal's headline figure, can differ by a few tenths. The European Central Bank targets 2% inflation for the euro area as a whole.
Data refreshed 2026-10-07. Figures are the latest published observations and can be revised.
More Portugal indicators
Latest readings. Open any one for its full history.
Rankings
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