FX.co ★ Portugal Inflation Rate Falls to 7-Month Low

In November 2025, Portugal's annual inflation rate decreased to 2.2%, marking the lowest level in seven months and aligning with preliminary estimates. This is a slight decline from the 2.3% recorded in October. The deceleration in inflation was largely due to reduced price increases in several sectors, including housing and utilities (1.4% down from 1.8%), restaurants and hotels (5.2% down from 5.6%), miscellaneous goods and services (2.9% down from 3.3%), recreation and culture (1.4% down from 1.5%), furnishings and household equipment (0.1% down from 0.4%), and alcoholic beverages and tobacco (1.8% down from 1.9%). Additionally, costs decreased at a faster rate for clothing and footwear (-1.8% compared to -1.3%) and communications (-4% compared to -3.7%). Conversely, inflation rates remained stable for food and non-alcoholic beverages (at 3.5%), health (at 2.9%), and education (at 4.3%). Notably, transportation costs saw an acceleration in price increases (1.9% compared to 1.8%). The core inflation rate, which excludes energy and unprocessed food, declined to 2.0% in November from 2.1% in October. On a month-to-month basis, consumer prices fell by 0.3% after remaining steady in October.