Portugal Inflation Rate
3.0%▼ −0.18 pt
Jul 2026 · Monthly
Portugal's annual inflation rate fell to 3.04% in July 2026 from 3.22% in June, marking the second consecutive monthly decline. The rate remains far below the all-time high of 51.27% recorded in May 1977, while the series dates back to January 1956.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| 3.0% | 3.2% | 51.3%May 1977 | -1.7%Sep 2009 | 1956 – 2026 | Monthly |
About this series
Inflation Rate in Portugal averaged 3.3% from 1956 until 2026, reaching an all-time high of 51.3% in May 1977 and a record low of -1.7% in Sep 2009. The series is reported monthly with history from 1956.
The inflation rate measures the year-over-year change in the consumer price index for Portugal, expressed as a percentage. Data are reported monthly, with the series spanning from January 1956 to the present. The CPI reflects the average price change of a fixed basket of goods and services.
Source & methodology
We use primary economic sources for every country. See our methodology page for how we source and verify this data.
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