Inflation in Portugal is expected to reach 3.1% this year, then slowing down in 2027, according to the forecasts released today by Banco de Portugal (BdP).
© Shuttesrtock
07/10/2026
by
Lusa
Nthe October Economic Bulletin, the central bank expects inflation to rise to 3.1% in 2026 and decrease in the following years to close price stability (2.4% in 2027 and 2.0% in 2028), “beneficiating from dissipation of the effects of energy shock and labour cost moderation”.
“ This development is in line with that projected for the euro area and with the figures disclosed in the June Economic Bulletin”, the BdP adds.
As far as the labour market is concerned, the institution believes that the situation “will remain favorable”, but foresees a “less pronounced growth in employment, in the context of migration flows lower than those observed in 2021–2024”.
Thus, the estimate is that employment is expected to increase by 1.7% in 2026, 0.7% in 2027 and 0.3% in 2028, while the unemployment rate is expected to be 5.6%.