FX.co ★ Portugal’s Consumer Price Growth Cools Sharply in October, MoM CPI Slips to 0.2%

Portugal’s inflation momentum weakened noticeably in October 2026, as the country’s Consumer Price Index (CPI) growth eased on a month-over-month basis. According to the latest data updated on 30 October 2026, the CPI rose 0.2% in October compared with the previous month, down from a 1.2% month-on-month increase recorded in September 2026.

The figures highlight a marked deceleration in short-term price pressures. In September, the “previous” indicator showed a 1.2% month-over-month gain, reflecting a comparatively strong rise in prices versus August. By contrast, the “actual” October reading of 0.2% indicates that prices in Portugal continued to rise, but at a much slower pace than in the prior month.

The comparison period is month-over-month, meaning October’s reading reflects the change versus September, while September’s figure captures the change versus August. This sharp slowdown in monthly CPI growth may signal a moderation in near-term inflation dynamics after a more pronounced increase late in the third quarter.