Portugal Inflation Rate
Consumer price inflation, annual % FP.CPI.TOTL.ZG
Portugal's inflation rate was 2.16% in 2025, ranked 126th globally. This represents a 10.5% decrease from 2024. Data from World Bank, covering 1960–2025.
Overview
Portugal's inflation rate stood at 2.16% in 2025, a decline of +0.25pp from 2024. The IMF projects 2.16% by 2025. Portugal ranked 126th globally.
Portugal's inflation rate has exhibited significant fluctuations over the past 66 years, ranging from a low of -0.84% in 2009 to a high of 31.02% in 1977. The latter, which occurred during a period of economic crisis and currency devaluation, highlights the country's vulnerability to external economic shocks. In contrast, the current inflation rate of 2.16% ranks Portugal 126th globally, placing it among the more stable economies in the region. This stability is comparable to peer countries such as Andorra and Germany, which also maintain low inflation rates. Although Portugal's inflation rate has been relatively stable in recent years, a rise in global energy prices or a decline in the country's economic competitiveness could potentially push the inflation rate higher. A sustained increase in productivity and economic growth would be necessary to maintain the current low inflation trajectory and support Portugal's economic stability.
Data & projection
| Year | Inflation Rate | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 2.03% | - | - |
| 2029* IMF | 2.00% | - | - |
| 2028* IMF | 2.03% | - | - |
| 2027* IMF | 2.23% | - | - |
| 2026* IMF | 2.13% | - | - |
| 2025* IMF | 2.16% | - | - |
| 2025 | 2.16% | −0.25pp | #126 |
| 2024 | 2.42% | −2.85pp | #72 |
| 2023 | 4.31% | −3.79pp | #66 |
| 2022 | 7.83% | +6.89pp | #95 |
| 2021 | 1.27% | +1.39pp | #25 |
| 2020 | -0.01% | −0.31pp | #37 |
| 2019 | 0.34% | −0.83pp | #26 |
| 2018 | 0.99% | −0.56pp | #36 |
| 2017 | 1.37% | +0.73pp | #57 |
| 2016 | 0.61% | +0.10pp | #69 |
| 2015 | 0.49% | +0.65pp | #68 |
| 2014 | -0.28% | −0.72pp | #13 |
| 2013 | 0.27% | −2.50pp | #19 |
| 2012 | 2.77% | −0.78pp | #71 |
| 2011 | 3.65% | +2.26pp | #74 |
Detected Pattern
Analysis
Portugal matched the Export Boom Cycle pattern in 2024. Historically, 71% of countries showing this pattern (546 out of 768) saw inflation rate improve within 24 months. View full analysis →
Despite Portugal's latest inflation rate of 2.16%, news reports indicate widespread protests against rising living costs and housing pressures across Europe, including Portugal. This suggests that while overall inflation may
Frequently Asked Questions
Portugal's inflation rate was 2.16% in 2025. Ranked 126th globally. This represents a 10.5% decrease from the previous year.
Portugal's inflation rate peaked at 31.02% in 1977.
The lowest inflation rate in Portugal was -0.84% in 2009.
Portugal ranks 126th globally in inflation rate as of 2025.
The World Bank indicator code is FP.CPI.TOTL.ZG. Data sourced from World Bank.
Portugal's inflation rate is projected to reach 2.16% by 2025 based on IMF projection.
The inflation rate of Portugal in 2025 was 2.16%. This ranks 126th in the world.
Cite this page
@misc{historysaid_portugal_inflation-rate,
title = {Portugal Inflation Rate},
url = {https://historysaid.com/portugal/inflation-rate/},
publisher = {HistorySaid},
year = {2026}
}