Inflation Portugal 2017
Average inflation: 1.4%
Current Inflation
Inflation is low at 1.4%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in April at 2.0%. The lowest inflation was in June at 0.9%.
- Highest month
- April: 2.0%
- Lowest month
- June: 0.9%
- Difference
- 1.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Restaurants and hotels with an average of 3.7%. The lowest price increase was in Clothing and footwear with an average of -2.3%.
- Highest increase
- Restaurants and hotels: 3.7%
- Lowest increase
- Clothing and footwear: -2.3%
Historical Context
Current inflation is 0.9% higher than the 5-year average of 0.5%.
- 5-year average
- 0.5%
- 10-year average
- 1.2%
- All-time high (2001)
- 4.4%
- All-time low (2009)
- -0.8%
Trend
Inflation has remained relatively stable. Compared to 2016, the difference is minimal (+0.8 percentage point).
- Change vs. previous year
- +0.8 percentage points
- Largest monthly swing
- April: +1.5 percentage points
ECB Target
Inflation is 0.6% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €101.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2017
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2016 |
|---|---|---|
| January | 1.3% | +0.5 |
| February | 1.6% | +1.2 |
| March | 1.4% | +1.0 |
| April | 2.0% | +1.5 |
| May | 1.5% | +1.2 |
| June | 0.9% | +0.4 |
| July | 0.9% | +0.3 |
| August | 1.1% | +0.4 |
| September | 1.4% | +0.8 |
| October | 1.4% | +0.5 |
| November | 1.5% | +0.9 |
| December | 1.5% | +0.6 |
| Average | 1.4% |
Data source
Data from OECD. Last updated: 10/01/2026.