FX.co ★ Portuguese Inflation Holds Steady at 3.3% in May on Annual Basis

Portugal’s consumer price inflation remained unchanged in May, with the Consumer Price Index (CPI) posting a year-over-year increase of 3.3%, the same pace recorded previously.

According to the latest data, updated on 12 June 2026, the May 2026 reading shows that price growth neither accelerated nor slowed compared with the earlier reference, holding steady at 3.3% on an annual basis. Both the “previous” and “current” indicators for May 2026 stand at 3.3%, indicating stable inflation dynamics when measured against the same month a year earlier.

The figures are based on a year-over-year comparison, where the “actual” value reflects the change in prices in May relative to May a year ago, and the “previous” value measures the change recorded in the prior comparison period against its corresponding month a year earlier. The stability at 3.3% suggests that, at least for now, Portugal’s inflation environment is neither easing nor intensifying on this annual measure.