INE Pins May 2026 CPI at 3.3% for Second Straight Month — Core Inflation Holds 2.2% as Energy Reaccelerates to 13.1% and Unprocessed Food Cools to 5.7%
INE's 12 June release confirms Portugal's CPI held at 3.3% year-on-year in May for a second consecutive month, with underlying inflation stuck at 2.2%, energy prices accelerating to 13.1% and unprocessed food decelerating to 5.7%. The IHPC now runs 0.1 percentage points below the eurozone.
