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Inflation rises to 3.3% in August with 12.2% increase in fuel pricesPhoto by Matheus Bertelli on Pexels
Business
Экономика

Inflation rises to 3.3% in August with 12.2% increase in fuel prices

Jornal Económico31 August 2026 at 11:30

Inflation in Portugal reached 3.3% in August, an increase of 0.3 percentage points compared to the previous month, according to the Consumer Price Index (CPI) released by the National Statistics Institute (INE). This acceleration is mostly explained by the increase in fuel prices, which caused the energy products index to rise to 12.2%, against the 8.7% registered in July.

The INE states that the unprocessed food products index registered a variation of 3.4%, slightly below the 3.7% in July. The core inflation indicator, which excludes unprocessed food products and energy, stood at 2.7%, 0.1 percentage points higher than in July.

Compared to the previous month, the monthly variation of the CPI was 0.1%, after being -0.5% in July. The average variation over the last twelve months stood at 2.7%, higher than the 2.6% from the previous month. The Portuguese Harmonized Index of Consumer Prices registered a year-on-year variation of 3.6%, against 3.1% in July.

The final data regarding the August CPI will be published by the INE on September 10th.

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