2025.11.1211:12:17UTC+00Portugal Inflation Confirmed at Five-Month Low

Portugal's inflation rate for October 2025 was confirmed at 2.3%, showing a slight decrease from September's 2.4%, and representing the lowest point since May. This rate remains closely aligned with the European Central Bank's target of 2.0%, indicating a continued reduction in price pressures. This decline is mainly attributed to decreased inflation in the sectors of food and non-alcoholic beverages, dropping to 3.5% from 4.0%; housing and utilities, reducing to 1.9% from 2.2%; and restaurants and hotels, slipping to 5.7% from 6.2%. However, transport inflation remained constant at 1.9%, while there was an uptick in inflation within the recreation and culture sector, rising to 1.4% from 1.0%, as well as in miscellaneous goods and services, increasing to 3.2% from 2.1%. Core inflation, which excludes the more volatile categories such as food and energy, saw an increase to 2.2% from the previous month's 2.0%, indicating that underlying inflationary pressures still exist. On a monthly comparison, consumer prices remained steady, following a 0.9% rise in September.