Portugal: Inflation, monthly
* indicates monthly or quarterly data series
The most recent value is -0.35 percent as of July 2026, a decline compared to the previous value of 0.1 percent. Historically, the average for Portugal from February 1996 to July 2026 is 0.19 percent. The minimum of -2.01 percent was recorded in July 2020, while the maximum of 2.56 percent was reached in March 2022.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Eurostat
| Recent values | Portugal: Inflation, monthly percent change in the CPI |
|---|---|
| 2026 Jul | -0.35 |
| 2026 Jun | 0.1 |
| 2026 May | 0.42 |
| 2026 Apr | 1.94 |
| 2026 Mar | 2.27 |
| 2026 Feb | 0.11 |
| 2026 Jan | -1.02 |
| 2025 Dec | -0.04 |
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Definition: The percentage change in the CPI from one month to the next.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 2.3 | 2025 | percent |
| Exchange rate regimes | 7 | 2023 | index points |
| USD exchange rate | 0.8754 | 7/2026 | Local Currency Units per USD |
| Money supply (broad money) | 233.70 | 12/2020 | billion |
| Consumer Price Index (CPI) | 103.7600 | 7/2026 | index points |
| Inflation, monthly | -0.35 | 7/2026 | percent |
| Inflation, annual | 3.14 | 7/2026 | percent |
| Food and beverages inflation | 2.95 | 6/2026 | percent |
| Alcohol and tobacco inflation | 2.94 | 6/2026 | percent |
| Energy price inflation | 9.12 | 6/2026 | percent |
| Transport services inflation | 5.49 | 6/2026 | percent |
| Services inflation | 4.19 | 6/2026 | percent |
| Information and communication inflation | -2.77 | 6/2026 | percent |
| Restaurant and accommodation services inflation | 6.23 | 6/2026 | percent |
| Health care inflation | 2.51 | 6/2026 | percent |
| Education services inflation | 4.34 | 6/2026 | percent |
| Clothing and footwear inflation | -2.12 | 6/2026 | percent |
| Housing inflation | 5.26 | 7/2026 | percent |
| Private sector credit | 218.93 | 12/2025 | billion |
| Business credit | 74.15 | 12/2025 | billion |
| Household credit | 144.78 | 12/2025 | billion |
| Mortgage credit | 110.96 | 12/2025 | billion |
| Consumer credit | 33.81 | 12/2025 | billion |
| Deposit interest rate | 3.09 | 10/2023 | percent |
| Business credit interest rate | 5.01 | 6/2023 | percent |
| Mortgage credit interest rate | 3.99 | 6/2023 | percent |
| Policy rate | 3.25 | 12/1998 | percent |
| Household debt to GDP | 53.90 | 12/2025 | percent |
| Debt service ratios for private non-financial sector | 12.20 | Q4/2025 | percent |