The annual inflation rate in Portugal fell to 2.2% in November 2025, the lowest in seven months, from 2.3% in October, in line with preliminary estimates. Prices eased for housing & utilities (1.4% vs 1.8%), restaurants & hotels (5.2% vs 5.6%), miscellaneous goods & services (2.9% vs 3.3%), recreation & culture (1.4% vs 1.5%), furnishings & household equipment (0.1% vs 0.4%) and alcoholic beverages & tobacco (1.8% vs 1.9%). Also, cost fell faster for clothing & footwear (-1.8% vs -1.3%) and communications (-4% vs -3.7%). Meanwhile, inflation was steady for food and non-alcoholic beverages (at 3.5%), health (at 2.9%) and education (at 4.3%). On the other hand, prices accelerated for transport (1.9% vs 1.8%). The annual core inflation rate, which excludes energy and unprocessed food, fell to 2.0% in November from 2.1%. On a monthly basis, consumer prices decreased 0.3%, after being unchanged in October.