Consumer prices in Portugal increased 0.3% month over month in May 2026, after a 1.4% rise in April, preliminary estimates showed. Inflation Rate MoM in Portugal averaged 0.61 percent from 1960 until 2026, reaching an all time high of 8.30 percent in July of 1976 and a record low of -5.60 percent in April of 1976. source: Statistics Portugal

Inflation Rate MoM in Portugal is expected to be 0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Inflation Rate MoM is projected to trend around 0.30 percent in 2027 and 0.20 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-13 10:00 AM
Inflation Rate MoM Final
Apr 1.3% 2% 1.4% 1.4%
2026-05-29 10:00 AM
Inflation Rate MoM Prel
May 0.3% 1.4% 0.4%
2026-06-12 10:00 AM
Inflation Rate MoM Final
May 1.4% 0.3% 0.3%


Related Last Previous Unit Reference
CPI 103.80 103.47 points May 2026
Core Consumer Prices 103.00 102.58 points May 2026
Core Inflation Rate 2.19 2.20 percent May 2026
CPI Housing Utilities 102.92 102.22 points Apr 2026
CPI Transportation 105.38 102.72 points Apr 2026
Food Inflation 4.40 3.70 percent Apr 2026
GDP Deflator 128.77 127.34 points Mar 2026
Harmonised Consumer Prices 104.02 103.58 points May 2026
Inflation Rate YoY 3.30 3.30 percent May 2026
Inflation Rate MoM 0.30 1.40 percent May 2026
Producer Prices 119.57 116.78 points Apr 2026
PPI YoY 3.80 0.00 percent Apr 2026


Portugal Inflation Rate MoM
Inflation Rate MoM measures month over month change in the price of goods and services.
Actual Previous Highest Lowest Dates Unit Frequency
0.30 1.40 8.30 -5.60 1960 - 2026 percent Monthly
2012 = 100