Portugal Inflation Confirmed at Five-Month Low

2025-11-12 11:12 By Joana Ferreira 1 min. read

Portugal’s annual inflation rate was confirmed at 2.3% in October 2025, down slightly from 2.4% in September and marking the lowest level since May.

The figure remains close to the European Central Bank’s 2.0% target, reflecting a continued easing in price pressures, largely driven by lower inflation in food and non-alcoholic beverages (3.5% vs. 4.0%), housing and utilities (1.9% vs. 2.2%), and restaurants and hotels (5.7% vs. 6.2%).

In contrast, transport inflation held steady at 1.9%, while price growth accelerated in recreation and culture (1.4% vs. 1.0%) and miscellaneous goods and services (3.2% vs. 2.1%).

Meanwhile, core inflation, which excludes volatile items such as food and energy, rose to 2.2% from 2.0% the previous month, suggesting underlying price pressures persist.

On a monthly basis, consumer prices were unchanged following a 0.9% rise in September.



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