Core consumer prices in Portugal increased 1.76 percent in January of 2026 over the same month in the previous year. Core Inflation Rate in Portugal averaged 6.90 percent from 1978 until 2026, reaching an all time high of 31.27 percent in May of 1984 and a record low of -0.58 percent in January of 2010. source: Statistics Portugal

Core Inflation Rate in Portugal is expected to be 2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Core Inflation Rate is projected to trend around 2.00 percent in 2027, according to our econometric models.



Related Last Previous Unit Reference
CPI 124.84 124.74 points Dec 2025
Core Consumer Prices 122.44 122.29 points Dec 2025
Core Inflation Rate 1.76 2.05 percent Jan 2026
CPI Housing Utilities 135.57 135.49 points Dec 2025
CPI Transportation 119.01 118.33 points Dec 2025
Food Inflation 3.50 3.50 percent Dec 2025
GDP Deflator 127.02 125.12 points Sep 2025
Harmonised Consumer Prices 99.20 100.26 points Jan 2026
Inflation Rate YoY Prel 1.90 2.20 percent Jan 2026
Inflation Rate MoM Prel -0.70 0.10 percent Jan 2026
Producer Prices 115.67 115.24 points Dec 2025
PPI YoY -3.20 -3.30 percent Dec 2025


Portugal Core Inflation Rate
Actual Previous Highest Lowest Dates Unit Frequency
1.76 2.05 31.27 -0.58 1978 - 2026 percent Monthly
2012=100