FX.co ★ Portugal’s Inflation Eases Slightly in June as CPI Slips to 3.2% YoY

Portugal’s consumer price inflation edged down in June 2026, with the year-over-year Consumer Price Index (CPI) reading easing to 3.2%, compared with 3.3% in May 2026. The data, updated on 30 June 2026, signal a modest slowdown in price growth as measured against the same month a year earlier.

On a year-over-year basis, the “actual” June figure compares the change in prices in June 2026 to June 2025, while the “previous” May reading reflected price changes between May 2026 and May 2025. The slight decline from 3.3% to 3.2% suggests that inflationary pressures remain present but are gradually stabilizing, a development that will be closely watched by policymakers, businesses and households as they assess the trajectory of the Portuguese economy in the second half of the year.