FX.co ★ Portugal’s Inflation Quickens to 2.7% in March, Reversing Prior Slowdown

Portugal’s consumer price growth accelerated in March 2026, with the Year-over-Year Consumer Price Index (CPI) rising to 2.7%, up from 2.1% in February 2026, according to data updated on 31 March 2026.

The March reading marks a clear pickup in inflation compared with the same month a year earlier, and contrasts with February’s softer pace, which had pointed to a more moderate price environment. Both the current and previous indicators measure changes relative to the same month in the prior year, highlighting a renewed inflationary push after February’s temporary easing.

The latest data suggest that price pressures in Portugal have regained momentum as of March, an evolution that will be closely watched by policymakers and markets assessing the trajectory of inflation and potential implications for economic conditions in the coming months.