FX.co ★ Portugal Inflation Rate Surges to 2-1/2-Year High

Portugal’s annual inflation rate accelerated to 3.36% in April 2026, up from 2.71% in March, marking the fastest pace of price growth since September 2023, according to a preliminary estimate. Energy prices surged, with energy inflation jumping to 11.69% from 5.74% in the previous month, highlighting the impact of tighter oil and gas supplies following the outbreak of war in the Middle East. Inflation also picked up for fresh food (7.45% vs. 6.39%) and for unprocessed food (2.42% vs. 1.38%). The core inflation rate edged up to 2.21% from 2.01%.