Prices rose 3.8% year on year in October, the fastest since May 2023. Energy is up 17.4%
Prices in Portugal in October 2026 were 3.8% higher than a year earlier, according to a flash estimate from the statistics institute INE (INE). In September the figure was 3.6%. The last time prices rose faster was in May 2023, when they were up 4% (ECO).
Energy prices (fuel, electricity and gas) are rising fastest: they are 17.4% higher than a year ago, up from 15.3% in September. Fresh food (meat, fish, vegetables and fruit) is up 3.7%, the same as a month earlier. Excluding energy and fresh food, prices rose by 2.8%.
Compared with September, prices went up by 0.2%. INE will publish the final figures on 11 November.
October inflation determines how much motorway tolls will go up from 1 January. The provisional calculation puts the rise at 3.82%.
Current prices for a litre of petrol and diesel are on our fuel prices page.
