FX.co ★ Portugal's Inflation Ticks Downward in November, Signals Slight Economic Cooldown

In a subtle yet potentially impactful economic shift, Portugal's Consumer Price Index (CPI) saw a slight dip in November 2025. According to the latest data released on November 28, the CPI registered a 2.2% increase year-over-year, down from October’s 2.3% rise.

This minor contraction suggests a subtle cooling in Portugal’s inflation pressure. Such a slight deceleration in consumer price growth could indicate a stabilizing trend as compared to the more elevated inflation rates witnessed in the years preceding 2025. Nonetheless, the year-on-year comparison shows the economy still grapples with price increments, albeit at a tempered pace.

Economists and policymakers alike will closely monitor this trend amidst global economic uncertainties. A steadying inflation rate could instigate discussions on the broader implications for monetary policy and consumer purchasing power in the months to come. As Portugal approaches the end of the year, attention will focus on whether this downturn will continue or if inflationary pressures will recapture their grip on the economy.