The annual inflation rate in Portugal was confirmed at a three-month high of 2.3% in May of 2025, up from 2.1% in April, amid increases in prices of unprocessed food (4.01%), processed food (1.11%), and energy (0.11%). By expenditure category, the largest year-on-year increases were seen in restaurants and hotels (6.14%), housing and utilities (4.16%), food and non-alcoholic beverages (2.55%), recreation and culture (3.72%), and education (3.41%). The core inflation index, excluding energy and unprocessed food components, came in at 2.2%, slightly below the preliminary 2.3%, yet higher than April’s 2.1%. On a monthly basis, consumer prices rose 0.3% in May, slightly below the earlier estimate of 0.4% and following a 0.7% increase in the prior month.