Harmonised Consumer Prices in Portugal decreased to 125.16 points in December from 125.21 points in November of 2025. Harmonised Consumer Prices in Portugal averaged 87.38 points from 1990 until 2025, reaching an all time high of 126.67 points in September of 2025 and a record low of 43.89 points in January of 1990. source: Statistics Portugal



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 125.16 125.21 points Dec 2025
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 Harmonised Consumer Prices
The Harmonised Index of Consumer Prices (HICP) is an indicator of inflation and price stability for the European Central Bank (ECB). The HICP is compiled by Eurostat and the national statistical institutes in accordance with harmonised statistical methods. The ECB aims to maintain annual inflation rates as measured by the HICP below, but close to, 2% over the medium term.
Actual Previous Highest Lowest Dates Unit Frequency
125.16 125.21 126.67 43.89 1990 - 2025 points Monthly
2015=100, NSA