Inflation Portugal 2014
Average inflation: -0.3%
Current Inflation
There is deflation with consumer prices declining by 0.3%.
Peak and Trough
The highest inflation was in January at 0.1%. The lowest inflation was in July at -0.9%.
- Highest month
- January: 0.1%
- Lowest month
- July: -0.9%
- Difference
- 1.0 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 3.1%. The lowest price increase was in Clothing and footwear with an average of -2.1%.
- Highest increase
- Alcoholic beverages, tobacco and narcotics: 3.1%
- Lowest increase
- Clothing and footwear: -2.1%
Historical Context
Current inflation is 1.9% lower than the 5-year average of 1.6%.
- 5-year average
- 1.6%
- 10-year average
- 1.8%
- All-time high (2001)
- 4.4%
- All-time low (2009)
- -0.8%
Trend
Inflation shows a downward trend. Compared to 2013, inflation has fallen by +0.6 percentage point.
- Change vs. previous year
- -0.6 percentage points
- Largest monthly swing
- July: -1.7 percentage points
ECB Target
Inflation is 2.3% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
Due to deflation, purchasing power increases. Money becomes more valuable instead of less.
What you could buy for €100 this year will cost approximately €99.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2014
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2013 |
|---|---|---|
| January | 0.1% | -0.1 |
| February | -0.1% | -0.1 |
| March | -0.4% | -0.9 |
| April | -0.1% | -0.3 |
| May | -0.4% | -1.1 |
| June | -0.4% | -1.4 |
| July | -0.9% | -1.7 |
| August | -0.4% | -0.6 |
| September | -0.4% | -0.5 |
| October | 0.0% | +0.2 |
| November | 0.0% | +0.2 |
| December | -0.4% | -0.6 |
| Average | -0.3% |
Data source
Data from OECD. Last updated: 10/01/2026.