Portugal Inflation Rate Confirmed at 2.1% in February

2026-03-11 12:04 By Luisa Carvalho 1 min. read

The annual inflation rate in Portugal rose to 2.1% in February 2026 from a ten-month low of 1.9% in January, confirming the preliminary estimate.

Unprocessed food products saw a faster increase of 6.6% versus 5.8% in January, likely reflecting fresh vegetable price hikes after supply disruptions from recent storms.

Prices for processed food rose by 0.9%, after a 0.8% increase previously.

Meanwhile, energy prices declined 2.3%, after a 2.4% drop in the preceding month.

The core inflation rate, excluding energy and unprocessed food, edged up to 1.9% from 1.8% in January.

On a monthly basis, the CPI increased 0.1% in February, matching an earlier forecast, after a 0.7% fall in the month before.



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Portugal Inflation Rate Confirmed at 2.1% in February
The annual inflation rate in Portugal rose to 2.1% in February 2026 from a ten-month low of 1.9% in January, confirming the preliminary estimate. Unprocessed food products saw a faster increase of 6.6% versus 5.8% in January, likely reflecting fresh vegetable price hikes after supply disruptions from recent storms. Prices for processed food rose by 0.9%, after a 0.8% increase previously. Meanwhile, energy prices declined 2.3%, after a 2.4% drop in the preceding month. The core inflation rate, excluding energy and unprocessed food, edged up to 1.9% from 1.8% in January. On a monthly basis, the CPI increased 0.1% in February, matching an earlier forecast, after a 0.7% fall in the month before.
2026-03-11
Portugal Inflation Rate Edges Up to 2.1%
The annual inflation rate in Portugal edged up to 2.1% in February 2026 from 1.9% in January, according to preliminary estimates. Prices for unprocessed food products rose slightly faster, increasing 6.6% year-on-year compared with 5.8% previously, while processed food prices also rose 1% from 0.8%. Energy prices declined 2.2%, the same as in January. Excluding food and energy, annual inflation edged up to 1.9% from 1.8%. Compared to the previous month, the CPI increased 0.1%, following a 0.7% fall in January. Considering the EU-harmonised CPI, prices rose 2.1% on the year and 0.1% on the month, compared to 1.9% and -1% respectively in January.
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Portugal Inflation Slips to 1.9% in January
Portugal’s annual inflation rate edged down to 1.9% in January 2026, from 2.2% in December 2025, marking its lowest level since March, according to preliminary estimates. The slowdown was driven by softer food price pressures and continued energy deflation. Unprocessed food inflation cooled slightly to 5.8% (from 6.1%), while processed food inflation eased to 0.8% (from 1.0%). Energy prices remained in decline at -2.2% (vs -2.4%). Core inflation, excluding energy and unprocessed food, also moderated to 1.8%, down from 2.1%, pointing to broader disinflationary momentum. Meanwhile, the EU-harmonized HICP slipped to 1.9% from 2.4%, leaving inflation just below the ECB’s 2% target.
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