Portugal's consumer price inflation weakened to the lowest level in seventeen months in May, data released by Statistics Portugal showed Tuesday.
Annual inflation slowed to 2.7 percent in May from 3 percent in April. The latest figure was the lowest since December 2010, when the inflation rate was 2.3 percent.
Month-on-month, consumer prices dropped 0.4 percent in May, reversing the previous month's 0.3 percent increase.
At the same time, the harmonized index of consumer prices (HICP), measured under the EU methodology, rose 2.7 percent annually in May, slower than April's 2.9 percent growth. Compared to April, the HICP decreased 0.3 percent during the month, data showed.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.