Harmonised Inflation Rate YoY in Portugal decreased to 1.90 percent in January from 2.40 percent in December of 2025. 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	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
Harmonised Inflation Rate MoM	-0.04	-0.90	percent	Dec 2025
Harmonised Inflation Rate YoY	1.90	2.40	percent	Jan 2026
Inflation Rate YoY Prel	1.90	2.20	percent	Jan 2026
Inflation Rate MoM Prel	-0.70	0.10	percent	Jan 2026
PPI MoM	0.40	-0.10	percent	Dec 2025
Producer Prices	115.67	115.24	points	Dec 2025
PPI YoY	-3.20	-3.30	percent	Dec 2025
Rent Inflation	4.90	5.00	percent	Dec 2025

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.