Portugal

Inflation in Portugal accelerates to 3.8%. It is the highest since May 2023

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 30/10/2026, 11:26:25 UTC.

Briefings

Portuguese inflation accelerated to 3.8% in October 2026, marking the highest monthly increase since May 2023. The INE reported this rise as the third consecutive month of price hikes, with the underlying inflation rate also increasing to 2.8%. The headline figure includes energy and food items, while the core rate excluding these categories rose to 2.8%.

Key points

• Inflation in Portugal reached 3.8% in October 2026, the highest monthly increase since May 2023.
• The core inflation rate (excluding energy and food) rose to 2.8% in October 2026.

Context

The INE confirmed the 3.8% rise as the third consecutive month of price increases, following a slowdown between April and July. This marks the highest increase since May 2023, when the rate was 4%. The data reflects the third month of elevated inflation in the country.

Limitations

Headline inflation includes energy and food items; core inflation excludes these categories. October 2026 data is not yet available for the Eurozone or EU. September 2026 inflation was 3.8% for single-currency countries.

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