Inflation Portugal 2008
Average inflation: 2.6%
Current Inflation
Inflation is normal at 2.6%, around the ECB target.
Peak and Trough
The highest inflation was in June at 3.3%. The lowest inflation was in December at 0.8%.
- Highest month
- June: 3.3%
- Lowest month
- December: 0.8%
- Difference
- 2.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Alcoholic beverages, tobacco and narcotics with an average of 7.6%. The lowest price increase was in Communication with an average of -2.1%.
- Highest increase
- Alcoholic beverages, tobacco and narcotics: 7.6%
- Lowest increase
- Communication: -2.1%
Historical Context
Current inflation is around the 5-year average of 2.6%.
- 5-year average
- 2.6%
- 10-year average
- 3%
- All-time high (2001)
- 4.4%
- All-time low (2005)
- 2.3%
Trend
Inflation has remained relatively stable. Compared to 2007, the difference is minimal (+0.1 percentage point).
- Change vs. previous year
- +0.1 percentage points
- Largest monthly swing
- December: -1.9 percentage points
ECB Target
Inflation is 0.6% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €102.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| January | 2.8% | +0.2 |
| February | 2.9% | +0.6 |
| March | 3.1% | +0.8 |
| April | 2.5% | -0.2 |
| May | 2.8% | +0.4 |
| June | 3.3% | +0.9 |
| July | 3.0% | +0.6 |
| August | 3.0% | +0.9 |
| September | 3.1% | +1.0 |
| October | 2.4% | -0.2 |
| November | 1.4% | -1.4 |
| December | 0.8% | -1.9 |
| Average | 2.6% |
Data source
Data from OECD. Last updated: 10/01/2026.