FX.co ★ Portugal’s Inflation Ticks Up to 2.1% in February, Edging Above ECB Target

Portugal’s consumer price inflation accelerated slightly in February, with the year-over-year CPI rate rising to 2.1%, up from 1.9% previously. The latest reading, updated on 11 March 2026, marks a modest uptick that nudges inflation just above the European Central Bank’s 2% target level.

Both the current and previous indicators are based on year-over-year comparisons, measuring price changes in February against the same month a year earlier. The earlier 1.9% figure, also recorded for February 2026, has now been revised to 2.1%, signaling that price pressures were somewhat stronger than initially estimated. This adjustment suggests a slightly firmer inflation backdrop in Portugal as the year progresses, an important consideration for policymakers and investors tracking the country’s cost-of-living dynamics.