The Consumer Price Index (CPI) annual rate was 3.2% in June 2026 (3.3% in May). The annual core inflation rate, which excludes energy and unprocessed food, presented a rate of change of 2.5% (2.2% in the previous month). The annual rate of change for energy products decreased to 9.1% (13.1% in May), reflecting the reduction in fuel prices, and the rate for unprocessed food presented a rate of change of 5.1% (5.7% in the previous month).
The CPI monthly rate was 0.1% (0.2% in the previous month and 0.1% in June 2025), while the CPI 12-month average rate was 2.6% (2.5% in May).
In June 2026, the annual rate of the Portuguese Harmonised Index of Consumer Prices (HICP) was 3.1% (the same value as in the previous month). This rate is 0.3 percentage points (p.p.) above the rate estimated by Eurostat for the Euro area (in May, the Portuguese rate was 0.1 percentage points (p.p.) below the figure estimated by Eurostat for the Euro area). Excluding energy and unprocessed food products, the Portuguese HICP increased 2.5% in June (2.1% in May), above the corresponding rate for the Euro area (estimated at 2.2%).
