FX.co ★ Portugal Inflation Rises to 2.1% in April

Portugal experienced an annual consumer price inflation rate of 2.1% in April 2025, as confirmed by recent data. This marks an increase from March's seven-month low of 1.9%. The upsurge can be attributed to more substantial cost increases in several sectors: housing and utilities rose by 4.4% compared to 3.5% the previous month, transportation saw a rise of 1.3% after a modest 0.1% uptick, restaurant and hotel prices surged by 6.7% from 5.2%, and the recreation and culture category increased by 3.6% compared to 2.5%. Conversely, the prices for clothing and footwear continued to decline, falling further to -2.0% from -1.1%. The inflation rate for food and non-alcoholic beverages held steady at 1.6%, while inflation for miscellaneous goods and services decelerated to 2.0% from 2.4%. Core inflation, which strips out the volatile categories of unprocessed food and energy, rose slightly to 2.1%, recovering from March's more than three-year low of 1.9%. On a month-to-month basis, consumer prices increased by 0.7% in April, following a 1.4% rise in March.