FX.co ★ Portugal’s Inflation Surges in March as CPI Jumps to 2.0% MoM

Portugal’s consumer price inflation accelerated sharply in March 2026, with the month-over-month Consumer Price Index (CPI) rising to 2.0%, up from just 0.1% in February. The data, updated on 31 March 2026, signal a notable pickup in price pressures after a period of relative stability.

On a month-over-month basis, the March figure reflects a much stronger increase in prices compared with February, when CPI growth had effectively stalled at 0.1% versus the previous month. The latest reading underscores a pronounced shift in the short-term inflation dynamic, as the pace of price growth in March significantly outstripped that of the prior month.

The reported “Actual” value compares March’s change in prices to February 2026, while the “Previous” figure captures February’s change relative to January. This step-up from 0.1% to 2.0% may draw closer attention from policymakers and market participants monitoring the trajectory of inflation in Portugal and its potential implications for economic conditions in the months ahead.