Portugal’s consumer price inflation picked up sharply on a month-over-month basis in March, with the Consumer Price Index (CPI) rising 2.0%, compared with a modest 0.1% increase in the previous month. Both readings relate to March 2026, with the earlier 0.1% figure reflecting price changes from January to February, and the latest 2.0% print capturing the move from February to March.
The data, updated on 13 April 2026, underline a notable acceleration in short-term price pressures. While the prior month’s 0.1% gain suggested broadly stable prices, the latest 2.0% month-on-month rise points to a much stronger inflation impulse within the Portuguese economy over the latest period.
On a month-over-month comparison basis, the “actual” figure refers to March’s price change versus February, whereas the “previous” figure captures February’s change versus January. This step-up from 0.1% to 2.0% will likely draw attention from investors and policymakers monitoring the trajectory of inflation and its potential implications for monetary conditions and household purchasing power in Portugal.
