Portugal — Inflation
Inflation, Consumer Prices (Annual %) for Portugal, 1960–2025.
Inflation for Portugal was 2.34% in 2025, according to the latest World Bank data. The series covers 66 years, from 1960 to 2025. The highest recorded value was 31.02% in 1977. The lowest was -0.84% in 2009 (about -2.8× the low point). Across that span the compound annual growth rate works out to -0.41% per year.
Portugal ranks 118 of 187 economies on this measure (1 = highest), putting it in the top 63%. The median for Europe & Central Asia is 3.75%, so Portugal sits below it. It peaked in 1977 and has fallen 92% since. Over the last decade (2015–2025) the figure moved up 379%. Within Europe & Central Asia it ranks 37 of 49 economies; San Marino (2.30%) is just below it. Its sharpest one-year move was up 10275% in 2021. That is 17% above this series' own ten-year average.
Data highlights
From its 1960 level: doubled by 1969; grown tenfold by 1977.
World ranking. Slipped: 26th of 63 in 1960 → 24th of 92 in 1970 → 45th of 106 in 1980 → 43rd of 131 in 1990 → 95th of 163 in 2000 → 149th of 186 in 2010 → 146th of 178 in 2020 → 103rd of 169 in 2025.
Key figures
Full history — 1960 to 2025
| Year | annual % | Change |
|---|---|---|
| 2025 | 2.34% | -0.1 pp |
| 2024 | 2.42% | -1.9 pp |
| 2023 | 4.31% | -3.5 pp |
| 2022 | 7.83% | +6.6 pp |
| 2021 | 1.27% | +1.3 pp |
| 2020 | -0.01% | -0.4 pp |
| 2019 | 0.34% | -0.7 pp |
| 2018 | 0.99% | -0.4 pp |
| 2017 | 1.37% | +0.8 pp |
| 2016 | 0.61% | +0.1 pp |
| 2015 | 0.49% | +0.8 pp |
| 2014 | -0.28% | -0.6 pp |
| 2013 | 0.27% | -2.5 pp |
| 2012 | 2.77% | -0.9 pp |
| 2011 | 3.65% | +2.3 pp |
| 2010 | 1.4% | +2.2 pp |
| 2009 | -0.84% | -3.4 pp |
| 2008 | 2.59% | +0.1 pp |
| 2007 | 2.45% | -0.7 pp |
| 2006 | 3.11% | +0.8 pp |
| 2005 | 2.28% | -0.1 pp |
| 2004 | 2.37% | -0.9 pp |
| 2003 | 3.22% | -0.4 pp |
| 2002 | 3.6% | -0.8 pp |
| 2001 | 4.37% | +1.5 pp |
| 2000 | 2.85% | +0.5 pp |
| 1999 | 2.34% | -0.2 pp |
| 1998 | 2.57% | +0.2 pp |
| 1997 | 2.34% | -0.7 pp |
| 1996 | 3.07% | -1.2 pp |
| 1995 | 4.22% | -1.2 pp |
| 1994 | 5.42% | -1.4 pp |
| 1993 | 6.78% | -2.8 pp |
| 1992 | 9.56% | -2.3 pp |
| 1991 | 11.85% | -1.8 pp |
| 1990 | 13.63% | +0.9 pp |
| 1989 | 12.69% | +2.6 pp |
| 1988 | 10.1% | +0.5 pp |
| 1987 | 9.63% | -2.7 pp |
| 1986 | 12.33% | -7.1 pp |
| 1985 | 19.46% | -8.9 pp |
| 1984 | 28.38% | +4.4 pp |
| 1983 | 24% | +2.3 pp |
| 1982 | 21.68% | +2.6 pp |
| 1981 | 19.04% | +3.2 pp |
| 1980 | 15.87% | -6.0 pp |
| 1979 | 21.9% | +0.9 pp |
| 1978 | 21.04% | -10.0 pp |
| 1977 | 31.02% | +9.9 pp |
| 1976 | 21.14% | +5.9 pp |
| 1975 | 15.27% | -9.8 pp |
| 1974 | 25.08% | +12.1 pp |
| 1973 | 12.97% | +2.3 pp |
| 1972 | 10.66% | -1.3 pp |
| 1971 | 11.95% | +5.6 pp |
| 1970 | 6.38% | -2.4 pp |
| 1969 | 8.78% | +2.7 pp |
| 1968 | 6.08% | +0.6 pp |
| 1967 | 5.53% | +0.5 pp |
| 1966 | 5.04% | +1.6 pp |
| 1965 | 3.42% | -0.0 pp |
| 1964 | 3.44% | +1.4 pp |
| 1963 | 2.02% | -0.6 pp |
| 1962 | 2.66% | +1.1 pp |
| 1961 | 1.55% | -1.5 pp |
| 1960 | 3.05% | — |
Frequently asked questions
What was Portugal’s Inflation in 1961?
1.55% (1961). The full year-by-year table above lists every published year, most recent first.
Are changes in this series measured in percentage points?
Yes. The series is a share expressed in annual %, so year-over-year movements in the Change column are percentage points (pp), not percent.
Is Portugal’s Inflation growing or shrinking?
Between 1960 and 2025 the series was shrinking overall: -23.3% in total — about 0.4% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator FP.CPI.TOTL.ZG. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2025: 2.34%; 2024: 2.42%; 2023: 4.31%; 2022: 7.83%; 2021: 1.27%. Earlier years are in the full-history table below.
Related data
FP.CPI.TOTL.ZG — Inflation, Consumer Prices (Annual %). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.