Harmonised Inflation Rate YoY in Portugal decreased to 3.10 percent in May from 3.30 percent in April of 2026. Harmonised Inflation Rate YoY in Portugal averaged 3.19 percent from 1990 until 2026, reaching an all time high of 14.40 percent in October of 1990 and a record low of -1.80 percent in September of 2009. source: Statistics Portugal

Related	Last	Previous	Unit	Reference
CPI	103.73	103.47	points	May 2026
Core Consumer Prices	103.00	102.58	points	May 2026
Core Inflation Rate	2.19	2.20	percent	May 2026
CPI Housing Utilities	103.17	102.92	points	May 2026
CPI Transportation	105.46	105.38	points	May 2026
Food Inflation	3.30	4.40	percent	May 2026
GDP Deflator	128.76	127.36	points	Mar 2026
Harmonised Consumer Prices	104.02	103.58	points	May 2026
Harmonised Inflation Rate MoM	0.40	1.90	percent	May 2026
Harmonised Inflation Rate YoY	3.10	3.30	percent	May 2026
Inflation Rate YoY	3.30	3.30	percent	May 2026
Inflation Rate MoM	0.20	1.40	percent	May 2026
PPI MoM	1.00	2.40	percent	May 2026
Producer Prices	120.80	119.57	points	May 2026
PPI YoY	5.10	3.80	percent	May 2026
Rent Inflation	5.10	5.10	percent	May 2026

Portugal Harmonised Inflation Rate YoY

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.