The National Statistics Institute (Instituto Nacional de Estatística or INE) confirmed that Portugal's inflation rate slowed to 3.0% in July, down from 3.2% in June. While overall inflation is cooling, prices for travel packages and restaurant services remain significant contributors to the Consumer Price Index (Índice de Preços no Consumidor or IPC).
Inflation slows to 3% as summer travel costs fluctuate
Thursday, 13 August 2026AI summary
Context & Explainers
The INE housing price index (Índice de Preços da Habitação) tracks changes in residential property transaction prices across Portugal, published quarterly by the National Statistics Institute (INE). It covers both new and existing dwellings and breaks data down by region, property type, and buyer nationality.
The index is a key reference for policymakers debating housing affordability measures, for lenders assessing mortgage risk, and for buyers and investors tracking market trends. It has shown sustained price growth since 2015, with particularly sharp increases in Lisbon, Porto, and the Algarve driven by international demand, tourism, and housing shortages.
Related INE publications include monthly housing transaction data, rental indices, and construction statistics. Together, they provide the most comprehensive picture of Portugal's property market.
The Consumer Price Index (Índice de Preços no Consumidor or IPC) is a statistical measure used to track the average change in prices paid by consumers for a representative basket of goods and services over time. It is the primary indicator used to calculate inflation in Portugal and helps the government and central banks monitor the cost of living.
