The latest data from Eurostat reveals that the annual inflation rate in the eurozone, measured by the harmonized index of consumer prices, is expected to be 2.1% in October 2025. This figure is slightly higher than the 2% recorded in the same month last year but lower than the 2.2% reported in September this year.
The statistical office of the European Union notes that contributing to this month’s inflation compared to the previous month are services, with the highest annual rate in October at 3.4%, up from 3.2% in September. This is followed by food, alcohol, and tobacco at 2.5% (down from 3.0% in September), non-energy industrial goods at 0.6% (down from 0.8% in September), and energy at -1.0% (down from -0.4% in September).
For Portugal, Eurostat’s preliminary estimate suggests an inflation rate of 2% in October this year, lower than the 2.6% seen in the same month of 2024, but slightly above the 1.9% recorded in September 2025.
The European Central Bank aims for a 2% inflation rate in the medium term to ensure price stability, maintain purchasing power, and foster confidence in the monetary union.
