Inflation Portugal 2012
Average inflation: 2.8%
Current Inflation
Inflation is normal at 2.8%, around the ECB target.
Peak and Trough
The highest inflation was in February at 3.6%. The lowest inflation was in November at 1.9%.
- Highest month
- February: 3.6%
- Lowest month
- November: 1.9%
- Difference
- 1.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Housing, water, electricity, gas and other fuels with an average of 8.8%. The lowest price increase was in Clothing and footwear with an average of -5.2%.
- Highest increase
- Housing, water, electricity, gas and other fuels: 8.8%
- Lowest increase
- Clothing and footwear: -5.2%
Historical Context
Current inflation is 0.9% higher than the 5-year average of 1.9%.
- 5-year average
- 1.9%
- 10-year average
- 2.3%
- All-time high (2001)
- 4.4%
- All-time low (2009)
- -0.8%
Trend
Inflation shows an upward trend. Compared to 2011, inflation has risen by -0.8 percentage point.
- Change vs. previous year
- -0.8 percentage points
- Largest monthly swing
- October: -2.1 percentage points
ECB Target
Inflation is 0.8% 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 €102.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2012
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2011 |
|---|---|---|
| January | 3.5% | -0.1 |
| February | 3.6% | 0.0 |
| March | 3.1% | -0.9 |
| April | 3.0% | -1.0 |
| May | 2.7% | -1.1 |
| June | 2.7% | -0.7 |
| July | 2.8% | -0.4 |
| August | 3.1% | +0.2 |
| September | 2.9% | -0.7 |
| October | 2.1% | -2.1 |
| November | 1.9% | -2.0 |
| December | 1.9% | -1.7 |
| Average | 2.8% |
Data source
Data from OECD. Last updated: 10/01/2026.