Inflation Portugal 2019
Average inflation: 0.3%
Current Inflation
Inflation is very low at 0.3%, well below the ECB target.
Peak and Trough
The highest inflation was in February at 0.9%. The lowest inflation was in July at -0.3%.
- Highest month
- February: 0.9%
- Lowest month
- July: -0.3%
- Difference
- 1.2 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 2.0%. The lowest price increase was in Clothing and footwear with an average of -3.1%.
- Highest increase
- Alcoholic beverages, tobacco and narcotics: 2.0%
- Lowest increase
- Clothing and footwear: -3.1%
Historical Context
Current inflation is around the 5-year average of 0.8%.
- 5-year average
- 0.8%
- 10-year average
- 1.2%
- All-time high (2001)
- 4.4%
- All-time low (2009)
- -0.8%
Trend
Inflation shows a downward trend. Compared to 2018, inflation has fallen by +0.7 percentage point.
- Change vs. previous year
- -0.7 percentage points
- Largest monthly swing
- July: -1.9 percentage points
ECB Target
Inflation is 1.7% 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 €100.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2019
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2018 |
|---|---|---|
| January | 0.5% | -0.5 |
| February | 0.9% | +0.3 |
| March | 0.8% | +0.1 |
| April | 0.8% | +0.4 |
| May | 0.4% | -0.6 |
| June | 0.4% | -1.1 |
| July | -0.3% | -1.9 |
| August | -0.1% | -1.3 |
| September | -0.1% | -1.5 |
| October | 0.0% | -1.0 |
| November | 0.3% | -0.6 |
| December | 0.4% | -0.3 |
| Average | 0.3% |
Data source
Data from OECD. Last updated: 10/01/2026.