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Inflation rates in Portugal

The inflation rate for consumer prices in Portugal moved over the past 61 years between -0.8% and 31.0%. For 2021, an inflation rate of 1.3% was calculated.

During the observation period from 1960 to 2021, the average inflation rate was 8.1% per year. Overall, the price increase was 9,658.38%. An item that cost 100 Euro in 1960 cost 9,758.38 Euro in the beginning of 2022.

For August 2022, the year-over-year inflation rate was 8.9%.
This includes energy (+24.0%) and food (+15.3%).


Inflation rates in global comparison


Back to overview: Portugal

Performance over the last 61 years compared with the USA

In only a few countries are negative inflation rates achieved. This means that the general price level is declining and consumer prices get cheaper. This is called deflation. In comparison to most other countries, the drastic price increases are no longer average. Usually this is a sign of political and economic turmoil.

Performance based on 100% in 1959:Performance in Portugal

      Portugal       USA


Inflation calculator for Portugal

Enter any amount, an initial year and an end year here. You will then be provided with the original amount after inflation. Example: 1000 Euro in 1960 corresponds to 97,583.76 Euro at the beginning of 2022 due to inflation.

Original amount in Euro:


Start year:


End year:


Inflation rates for consumer goods in Portugal

Inflation rates for consumer goods in Portugal

Energy and food

Food and energy inflation in Portugal

      Energy       Food

Historical inflation rates in comparison

YearPortugalØ EUØ USAØ World
20211.27 %2.55 %4.70 %3.42 %
2020-0.01 %0.50 %1.23 %1.92 %
20190.34 %1.63 %1.81 %2.19 %
20180.99 %1.74 %2.44 %2.44 %
20171.37 %1.43 %2.13 %2.19 %
20160.61 %0.18 %1.26 %1.55 %
20150.49 %-0.06 %0.12 %1.43 %
2014-0.28 %0.20 %1.62 %2.35 %
20130.27 %1.22 %1.46 %2.62 %
20122.77 %2.66 %2.07 %3.73 %
20113.65 %3.29 %3.16 %4.82 %
20101.40 %1.53 %1.64 %3.35 %
2009-0.84 %0.84 %-0.36 %2.94 %
20082.59 %4.16 %3.84 %8.95 %
20072.45 %2.51 %2.85 %4.82 %
20063.11 %2.67 %3.23 %4.28 %
20052.28 %2.49 %3.39 %4.11 %
20042.37 %2.29 %2.68 %3.38 %
20033.22 %2.09 %2.27 %3.03 %
20023.60 %2.42 %1.59 %2.83 %
20014.37 %3.37 %2.83 %3.84 %
20002.85 %3.15 %3.38 %3.49 %
19992.34 %2.16 %2.19 %3.08 %
19982.57 %2.42 %1.55 %5.11 %
19972.34 %3.11 %2.34 %5.57 %
19963.07 %3.56 %2.93 %6.55 %
19954.22 %4.43 %2.81 %9.15 %
19945.42 %4.72 %2.61 %10.32 %
19936.78 %4.85 %2.95 %7.51 %
19929.56 %6.22 %3.03 %7.71 %
199111.85 %5.48 %4.23 %9.00 %
199013.63 %6.15 %5.40 %8.13 %
198912.69 %6.26 %4.83 %7.00 %
198810.10 %4.54 %4.08 %7.15 %
19879.63 %4.02 %3.66 %5.76 %
198612.33 %3.68 %1.90 %5.82 %
198519.46 %5.40 %3.55 %6.86 %
198428.38 %7.67 %4.30 %8.12 %
198324.00 %8.67 %3.21 %8.77 %
198221.68 %9.58 %6.13 %10.24 %
198119.04 %11.77 %10.33 %12.47 %
198015.87 %12.91 %13.55 %13.98 %
197921.90 %8.22 %11.25 %n/a
197821.04 %7.76 %7.63 %n/a
197731.02 %9.77 %6.50 %n/a
197621.14 %9.35 %5.74 %n/a
197515.27 %10.47 %9.14 %n/a
197425.08 %13.16 %11.05 %n/a
197312.97 %7.75 %6.18 %n/a
197210.66 %6.01 %3.27 %n/a
197111.95 %5.24 %4.29 %n/a
19706.38 %4.51 %5.84 %n/a
19698.78 %2.67 %5.46 %n/a
19686.08 %3.24 %4.27 %n/a
19675.53 %3.32 %2.77 %n/a
19665.04 %3.70 %3.02 %n/a
19653.42 %3.99 %1.59 %n/a
19643.44 %3.42 %1.28 %n/a
19632.02 %2.92 %1.24 %n/a
19622.66 %3.55 %1.20 %n/a
19611.55 %2.08 %1.07 %n/a
19603.05 %1.74 %1.46 %n/a

Data basis: International Monetary Fund, World Bank and OECD Inflation CPI indicator (doi:10.1787/eee82e6e-en)
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