FX.co ★ Portugal Inflation Confirmed at 4-Month High

In June 2025, Portugal's annual inflation rate increased to 2.4%, up from 3.2% in May, marking the highest point since February. This change was consistent with preliminary estimates. The inflation surge affected several sectors: food and non-alcoholic beverages saw a rise to 3.1% from May's 2.6%, transportation increased to 1.8% from 1%, and the restaurant and hotel sector climbed to 6.8% from 6.1%. Conversely, housing and utilities experienced a deceleration in inflation, declining to 2.1% from 4.2%. During this period, the EU-harmonized inflation rate reached 2.1%, up from the previous month's 1.7%, slightly exceeding the European Central Bank's 2% target. Additionally, Portuguese consumer prices increased by 0.1% from the previous month, in line with preliminary projections.