Portugal Inflation Rate stands at 3.04% as of July 2026, up from 2.64% a year earlier. The reading sits in the 42nd percentile of its history back to 1956.
| Latest (July 2026) | 3.04% |
| One year ago | 2.64% |
| 10-year range | -0.72% – 10.14% |
| All-time range | -1.66% (2009) – 51.27% (1977) |
| Change over 12 months | +0.4 pts — peaked at 3.35% in 2026 |
| Percentile vs. full history | 42nd |
| History | 1956–2026 (847 observations) |
The chart shows the year-over-year change in Portugal's consumer price index — the broadest measure of how fast prices are rising for households. Inflation running above a central bank's comfort zone (typically around 2% in developed markets, higher in emerging ones) pressures policymakers to keep rates tight; falling inflation opens the door to easing. For investors, the direction of inflation often matters more than the level: accelerating inflation compresses valuations and forces tightening, while disinflation has historically been a tailwind for both bonds and equities. Data: consumer price index via the IMF, compiled from Portugal's national statistics office.
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<a href="https://www.tacticalassetallocation.com/charts/portugal-inflation-rate/">Portugal Inflation Rate — Cambria Chart Lab</a>
Data: download CSV (source: IMF Consumer Price Index statistics).