Portugal's consumer price inflation moderated slightly as initially estimated in October, the latest data from Statistics Portugal showed on Wednesday.
The consumer price index rose 2.3 percent annually in October, slower than the 2.4 percent increase in September. That was in line with the flash data published on October 31.
Prices for energy products were 1.2 percent less expensive, which largely helped the slowdown in inflation. The annual price growth in unprocessed products moderated to 6.1 percent from 7.0 percent. Costs for processed food products were 1.1 percent more expensive.
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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.