Portugal Inflation Rate MoM
Month-on-month change in the consumer price index.
Inflation Rate MoM in Portugal increased to 0.09 percent in Dec 2025 from -0.29 percent in Nov 2025.
Portugal Inflation Rate MoM — History
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Portugal Inflation Rate MoM — analysis in simple words
Latest reading
Inflation Rate MoM in Portugal increased to 0.09 percent in Dec 2025 from -0.29 percent in Nov 2025.
Over the last three months it rose once and fell twice.
Recent trend
A year earlier (Dec 2024) it was 0.11%, so the latest figure is 0.02 percentage points lower.
Over the past five years the average was 0.31%, with a range from -0.85% to 2.51%. The latest value is below that five-year average.
Historical context
This data series starts in Feb 1955 and has 851 monthly observations. The latest reading is higher than 33% of all of them.
The highest value on record is 8.29% (Jul 1976) and the lowest is -5.50% (Apr 1976). The long-run average is 0.58%.
Compared with other countries
Among 44 economies with recent data, Portugal ranks 27th from the top. The median across all these economies is 0.15%, so Portugal is below the typical country.
Within Europe & Central Asia (29 economies with data) it ranks 15th; the regional median is 0.09%.
Statistics
- Latest
- 0.09%Dec 2025
- Previous
- -0.29%
- 5-year average
- 0.31%
- Long-run average
- 0.58%since Feb 1955
- All-time high
- 8.29%Jul 1976
- All-time low
- -5.50%Apr 1976
- Observations
- 851Monthly
Recent Data
| Period | Value | Change |
|---|---|---|
| Dec 2025 | 0.09% | ▲ +0.38 pp |
| Nov 2025 | -0.29% | ▼ −0.31 pp |
| Oct 2025 | 0.01% | ▼ −0.92 pp |
| Sep 2025 | 0.93% | ▲ +1.15 pp |
| Aug 2025 | -0.22% | ▲ +0.13 pp |
| Jul 2025 | -0.35% | ▼ −0.46 pp |
| Jun 2025 | 0.11% | ▼ −0.22 pp |
| May 2025 | 0.32% | ▼ −0.40 pp |
| Apr 2025 | 0.72% | ▼ −0.70 pp |
| Mar 2025 | 1.42% | ▲ +1.53 pp |
| Feb 2025 | -0.11% | ▲ +0.34 pp |
| Jan 2025 | -0.45% | ▼ −0.56 pp |
| Dec 2024 | 0.11% | ▲ +0.27 pp |
| Nov 2024 | -0.16% | ▼ −0.23 pp |
| Oct 2024 | 0.06% | ▼ −1.23 pp |
| Sep 2024 | 1.30% | ▲ +1.63 pp |
| Aug 2024 | -0.34% | ▲ +0.27 pp |
| Jul 2024 | -0.61% | ▼ −0.60 pp |
| Jun 2024 | -0.01% | ▼ −0.18 pp |
| May 2024 | 0.17% | ▼ −0.31 pp |
| Apr 2024 | 0.48% | ▼ −1.48 pp |
| Mar 2024 | 1.96% | ▲ +1.93 pp |
| Feb 2024 | 0.03% | ▲ +0.02 pp |
| Jan 2024 | 0.01% | ▲ +0.42 pp |
| Dec 2023 | -0.41% | ▼ −0.10 pp |
| Nov 2023 | -0.31% | ▼ −0.13 pp |
| Oct 2023 | -0.18% | ▼ −1.27 pp |
| Sep 2023 | 1.09% | ▲ +0.77 pp |
| Aug 2023 | 0.32% | ▲ +0.68 pp |
| Jul 2023 | -0.36% |
Inflation Rate MoM — Portugal vs Peers
Latest available reading for each economy (periods may differ). Portugal highlighted.
More Portugal indicators
Understanding Inflation Rate MoM — a simple guide
What it measures
The change in the consumer price index compared with the previous month.
How it is calculated
(CPI this month ÷ CPI last month − 1) × 100.
If the CPI index rose from 200.0 to 200.6, monthly inflation is 0.3%.
A high monthly reading shows prices are rising quickly right now.
A negative reading means prices fell compared with last month.
Why it matters for the economy and markets
Monthly changes show the latest momentum in prices, months before it fully shows up in the year-on-year rate.
How to read it
Monthly numbers are small: 0.2% a month is about 2.4% a year. Some months are always higher (festivals, harvest effects), so compare the same month across years.
What to look at alongside it
Year-on-year inflation and core inflation.
Key terms
- MoM
- Month-on-month: compared with the previous month.
Data source
OECD — Organisation for Economic Co-operation and Development (series OECD CPI MoM), monthly data from Feb 1955 to Dec 2025. Values are shown exactly as published by the source and may be revised later.
How to use the chart
Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.
Frequently asked questions
What is the current inflation rate mom of Portugal?
What is the highest and lowest inflation rate mom of Portugal?
What does inflation rate mom measure?
Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.