Portugal’s consumer price inflation picked up pace in April 2026, with the year-over-year Consumer Price Index (CPI) rising to 3.4%, up from 2.7% in March, according to data updated on 30 April 2026.
Both readings are based on annual comparisons, measuring price changes in each month against the same month a year earlier. The move from 2.7% in March to 3.4% in April signals a renewed acceleration in price pressures after a more moderate inflation environment, suggesting that Portuguese households and businesses are facing a faster increase in the cost of living as the second quarter begins.
The latest figures will likely draw increased attention from policymakers and financial markets, as the higher April reading may influence expectations for the inflation path in Portugal over the coming months.
