Portugal inflation rate for 2023 was 4.31%, a 3.52% decline from 2022.
Portugal inflation rate for 2022 was 7.83%, a 6.57% increase from 2021.
Portugal inflation rate for 2021 was 1.27%, a 1.28% increase from 2020.
Portugal inflation rate for 2020 was -0.01%, a 0.35% decline from 2019.
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
