HICP - All-items excluding alcoholic beverages, tobacco in Portugal

Portugal: HICP - All-items excluding alcoholic beverages, tobacco was 2.2 in 2025. ◆ Volatile

Latest (2025)
2.2
Change on year
down 18.5%
World rank
22nd
of 31 countries
All-time high
13.6
in 1990
All-time low
-1
in 2009
Years of data
38
1988–2025

HICP - All-items excluding alcoholic beverages, tobacco in Portugal, 1988–2025

0510151988200620251988: 8.61989: 111990: 13.61991: 11.91992: 91993: 5.91994: 4.71995: 3.81996: 2.91997: 1.91998: 2.21999: 1.92000: 2.92001: 4.52002: 3.72003: 3.22004: 2.52005: 2.12006: 2.82007: 2.32008: 2.52009: -12010: 1.32011: 3.42012: 2.72013: 0.32014: -0.32015: 0.42016: 0.62017: 1.52018: 1.12019: 0.22020: -0.12021: 0.92022: 8.32023: 5.32024: 2.72025: 2.2

Source: European Central Bank.

Analysis

In 2025, hicp - all-items excluding alcoholic beverages, tobacco in Portugal stood at 2.2.

That represents a change of down 18.5% on the previous year and up 450.0% over ten years.

Over the whole period, hicp - all-items excluding alcoholic beverages, tobacco in Portugal peaked at 13.6 in 1990 and was at its lowest, -1, in 2009.

That places Portugal 22nd out of 31 countries with data for 2025, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

HICP - All-items excluding alcoholic beverages, tobacco in Portugal, year by year

Annual values for HICP - All-items excluding alcoholic beverages, tobacco (Annual average rate of change, Eurostat) in Portugal, 1988 to 2025.
Year Value Change
1988 8.6
1989 11 +27.9%
1990 13.6 +23.6%
1991 11.9 -12.5%
1992 9 -24.4%
1993 5.9 -34.4%
1994 4.7 -20.3%
1995 3.8 -19.1%
1996 2.9 -23.7%
1997 1.9 -34.5%
1998 2.2 +15.8%
1999 1.9 -13.6%
2000 2.9 +52.6%
2001 4.5 +55.2%
2002 3.7 -17.8%
2003 3.2 -13.5%
2004 2.5 -21.9%
2005 2.1 -16.0%
2006 2.8 +33.3%
2007 2.3 -17.9%
2008 2.5 +8.7%
2009 -1 -140.0%
2010 1.3 -230.0%
2011 3.4 +161.5%
2012 2.7 -20.6%
2013 0.3 -88.9%
2014 -0.3 -200.0%
2015 0.4 -233.3%
2016 0.6 +50.0%
2017 1.5 +150.0%
2018 1.1 -26.7%
2019 0.2 -81.8%
2020 -0.1 -150.0%
2021 0.9 -1000.0%
2022 8.3 +822.2%
2023 5.3 -36.1%
2024 2.7 -49.1%
2025 2.2 -18.5%

Portugal compared with similar countries

  • Portugal's 2.2 is below the median for Europe & Central Asia, which is 2.7, 81% of the median. (29 countries reporting)
  • Portugal's 2.2 is below the median for high income countries, which is 2.6, 85% of the median. (27 countries reporting)

Biggest year-on-year movements

Years where HICP - All-items excluding alcoholic beverages, tobacco in Portugal changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
2021 +1000.0% -0.1 0.9
2022 +822.2% 0.9 8.3

Averages by decade

DecadeAverage LowestHighest Years
1980s 9.8 8.6 11 2
1990s 5.78 1.9 13.6 10
2000s 2.55 -1 4.5 10
2010s 1.12 -0.3 3.4 10
2020s 3.22 -0.1 8.3 6

Countries ranked near Portugal

  1. 19 Germany 2.4 compare
  2. 19 Malta 2.4 compare
  3. 19 Slovenia 2.4 compare
  4. 22 Czechia 2.2 compare
  5. 24 Ireland 2 compare
  6. 25 Denmark 1.9 compare

See the full ranking of 33 places →

More economy & growth data for Portugal

All data for Portugal →

Frequently asked questions

What is hicp - all-items excluding alcoholic beverages, tobacco in Portugal?
Hicp - all-items excluding alcoholic beverages, tobacco in Portugal was 2.2 in 2025, according to European Central Bank.
What is the highest hicp - all-items excluding alcoholic beverages, tobacco recorded in Portugal?
The highest recorded value was 13.6 in 1990.
What is the lowest hicp - all-items excluding alcoholic beverages, tobacco recorded in Portugal?
The lowest recorded value was -1 in 2009.
How does Portugal rank for hicp - all-items excluding alcoholic beverages, tobacco?
Portugal ranks 22nd out of 31 countries with data for 2025.
Is hicp - all-items excluding alcoholic beverages, tobacco rising or falling in Portugal?
Over the last ten years it is up 450.0%. The long-run trend across the full record is volatile.
Where does this Portugal data come from?
The figures come from European Central Bank, published as part of HICP - All-items excluding alcoholic beverages, tobacco (Annual average rate of change, Eurostat). Statizoid updates them automatically from the source API.

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HICP - All-items excluding alcoholic beverages, tobacco in Portugal. Statizoid, drawing on European Central Bank. Retrieved 15 September 2026, from https://economy.statizoid.com/stat/hicp-all-items-excluding-alcoholic-beverages-tobacco-annual-average-rate-of-change/portugal/

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About this data

Indicator
HICP - All-items excluding alcoholic beverages, tobacco (Annual average rate of change, Eurostat)
Source
European Central Bank
Licence
ECB Terms and Conditions (attribution required)
Coverage
33 places, 972 data points, 1988–2025
Last refreshed