The Consumer Price Index in Portugal decreased 0.70 percent in January of 2026 over the previous month. Inflation Rate MoM in Portugal averaged 0.61 percent from 1960 until 2026, reaching an all time high of 8.30 percent in July of 1976 and a record low of -5.60 percent in April of 1976. source: Statistics Portugal

Inflation Rate MoM in Portugal is expected to be 1.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Inflation Rate MoM is projected to trend around 0.30 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-30 11:00 AM
Inflation Rate MoM Prel
Jan -0.7% 0.1% -0.5%
2026-02-11 11:00 AM
Inflation Rate MoM Final
Jan -0.7% 0.1% -0.7% -0.7%
2026-02-27 11:00 AM
Inflation Rate MoM Prel
Feb -0.7% -0.1%


Related Last Previous Unit Reference
CPI 100.00 100.71 points Jan 2026
Core Consumer Prices 99.73 100.62 points Jan 2026
Core Inflation Rate 1.76 2.05 percent Jan 2026
CPI Housing Utilities 101.41 100.66 points Jan 2026
CPI Transportation 99.37 100.50 points Jan 2026
Food Inflation 3.20 3.50 percent Jan 2026
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 115.45 115.54 points Jan 2026
PPI YoY -2.10 -3.30 percent Jan 2026


Portugal Inflation Rate MoM
Inflation Rate MoM measures month over month change in the price of goods and services.
Actual Previous Highest Lowest Dates Unit Frequency
-0.70 0.10 8.30 -5.60 1960 - 2026 percent Monthly
2012 = 100