Core consumer prices in Portugal increased 2.78 percent in October of 2026 over the same month in the previous year. Core Inflation Rate in Portugal averaged 6.35 percent from 1949 until 2026, reaching an all time high of 31.06 percent in May of 1984 and a record low of -4.30 percent in October of 1954. source: Statistics Portugal
Core Inflation Rate in Portugal is expected to be 2.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Core Inflation Rate is projected to trend around 2.60 percent in 2027 and 2.20 percent in 2028, according to our econometric models.