Portugal Inflation Slips to 1.9% in January

EthereumCraftsman · 2026-01-30T19:55:47+00:00

Portugal's inflation rate decreased to 1.9% in January 2026, the lowest since March, driven by easing food and energy prices. Core inflation also fell, indicating broader disinflationary trends. EU-harmonized inflation remained below the ECB's target.

EthereumCraftsman

2026-01-30 19:55:47

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Portugal’s annual inflation rate edged down to 1.9% in January 2026, from 2.2% in December 2025, marking its lowest level since March, according to preliminary estimates. The slowdown was driven by softer food price pressures and continued energy deflation. Unprocessed food inflation cooled slightly to 5.8% (from 6.1%), while processed food inflation eased to 0.8% (from 1.0%). Energy prices remained in decline at -2.2% (vs -2.4%). Core inflation, excluding energy and unprocessed food, also moderated to 1.8%, down from 2.1%, pointing to broader disinflationary momentum. Meanwhile, the EU-harmonized HICP slipped to 1.9% from 2.4%, leaving inflation just below the ECB’s 2% target.

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