Inflation Portugal 2020
Average inflation: 0.0%
Current Inflation
Inflation is very low at 0.0%, well below the ECB target.
Peak and Trough
The highest inflation was in January at 0.8%. The lowest inflation was in May at -0.7%.
- Highest month
- January: 0.8%
- Lowest month
- May: -0.7%
- Difference
- 1.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food and non-alcoholic beverages with an average of 2.1%. The lowest price increase was in Clothing and footwear with an average of -3.3%.
- Highest increase
- Food and non-alcoholic beverages: 2.1%
- Lowest increase
- Clothing and footwear: -3.3%
Historical Context
Current inflation is 0.7% lower than the 5-year average of 0.7%.
- 5-year average
- 0.7%
- 10-year average
- 1%
- All-time high (2001)
- 4.4%
- All-time low (2009)
- -0.8%
Trend
Inflation has remained relatively stable. Compared to 2019, the difference is minimal (-0.3 percentage point).
- Change vs. previous year
- -0.3 percentage points
- Largest monthly swing
- May: -1.1 percentage points
ECB Target
Inflation is 2.0% 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 €100.00 next year at this inflation rate.
Multi-year trend
Monthly figures 2020
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2019 |
|---|---|---|
| January | 0.8% | +0.3 |
| February | 0.4% | -0.5 |
| March | 0.0% | -0.8 |
| April | -0.2% | -1.0 |
| May | -0.7% | -1.1 |
| June | 0.1% | -0.3 |
| July | 0.1% | +0.4 |
| August | 0.0% | +0.1 |
| September | -0.1% | 0.0 |
| October | -0.1% | -0.1 |
| November | -0.2% | -0.5 |
| December | -0.2% | -0.6 |
| Average | 0.0% |
Data source
Data from OECD. Last updated: 10/01/2026.