Inflation Portugal 2025
Average inflation: 2.4%
Current Inflation
Inflation is normal at 2.4%, around the ECB target.
Peak and Trough
The highest inflation was in August at 2.8%. The lowest inflation was in March at 1.9%.
- Highest month
- August: 2.8%
- Lowest month
- March: 1.9%
- Difference
- 0.9 percentage points
- Months with data
- 11 of 12
Category Insights
The highest price increase was in Restaurants and hotels with an average of 6.2%. The lowest price increase was in Clothing and footwear with an average of -1.0%.
- Highest increase
- Restaurants and hotels: 6.2%
- Lowest increase
- Clothing and footwear: -1.0%
Historical Context
Current inflation is 1.3% lower than the 5-year average of 3.7%.
- 5-year average
- 3.7%
- 10-year average
- 2.2%
- All-time high (2022)
- 7.8%
- All-time low (2009)
- -0.8%
Trend
Inflation shows a downward trend. Compared to 2024, inflation has fallen by +0.0 percentage point.
- Change vs. previous year
- +0.0 percentage points
- Largest monthly swing
- August: +0.9 percentage points
ECB Target
Inflation is 0.4% 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 €102.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2025
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2024 |
|---|---|---|
| January | 2.5% | +0.2 |
| February | 2.4% | +0.3 |
| March | 1.9% | -0.4 |
| April | 2.1% | -0.1 |
| May | 2.3% | -0.8 |
| June | 2.4% | -0.4 |
| July | 2.6% | +0.1 |
| August | 2.8% | +0.9 |
| September | 2.4% | +0.3 |
| October | 2.3% | 0.0 |
| November | 2.2% | -0.3 |
| Average | 2.4% |
Data source
Data from OECD. Last updated: 10/01/2026.Not all months available yet.