Makrognosis

Portugal HICP: All-items excl. energy (2025=100)

MonthlyNot seasonally adjustedCode PT.CPI.M.NSA.GRP-XENERGY

Latest (y/y)2.9%October 2026
Previous (y/y)2.8%September 2026
Level104.3October 2026

Portugal HICP: All-items excl. energy (2025=100) was up 2.9% year on year in October 2026, compared with 2.8% in September 2026.

The level stood at 104.3 (index).

That is the highest reading since December 2024.

Over the past ten years it has ranged from −1.3% (Jun 2021) to 9.1% (Feb 2023), averaging 2.4%.

Portugal HICP: All-items excl. energy (2025=100), annual % change, Dec 2000 – Oct 2026−2.5%0.0%2.5%5.0%7.5%10.0%20052010201520202025Robomacro
Portugal HICP: All-items excl. energy (2025=100), annual % change, Dec 2000 – Oct 2026. Source: Eurostat (Statistical Office of the European Union).
Portugal HICP: All-items excl. energy (2025=100), level (index)5060708090100200020052010201520202025Robomacro
Portugal HICP: All-items excl. energy (2025=100), level (index).

Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.

Recent data

PeriodValueY/Y %
October 2026104.32.9
September 2026104.42.8
August 2026103.52.9
July 2026103.42.7
June 2026103.82.7
May 2026103.52.4
April 2026103.02.7
March 2026101.22.4
February 202699.342.5
January 202699.282.3
December 2025100.32.8
November 2025100.32.4
October 2025101.32.2
September 2025101.62.1
August 2025100.62.7
July 2025100.62.8
June 2025101.12.4
May 2025101.11.9
April 2025100.32.3
March 202598.842.0
February 202596.942.5
January 202597.082.7
December 202497.653.0
November 202497.982.7

Last 24 observations. The full history (323 observations) is available through the API.

Get Portugal HICP: All-items excl. energy (2025=100) in your code or spreadsheet

One guessable code, agency-direct, updated on release. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/PT.CPI.M.NSA.GRP-XENERGY"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/PT.CPI.M.NSA.GRP-XENERGY",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
Get a free API key → · API docs

About this series

Latest observationOctober 2026
First observationDecember 1999
Observations323
FrequencyMonthly
Unitsindex
AdjustmentNot seasonally adjusted
10-year high9.1% (Feb 2023)
10-year low−1.3% (Jun 2021)
10-year average2.4%
Source agencyEurostat (Statistical Office of the European Union)
Makrognosis codePT.CPI.M.NSA.GRP-XENERGY

More Portugal CPI series

Portugal HICP: Alcohol, tobacco & narcotics (2025=100)Portugal HICP: All-items excl. energy & seasonal food (2025=100)Portugal HICP: All-items excl. energy & unprocessed food (2025=100)Portugal HICP: All-items excl. tobacco (2025=100)Portugal HICP: Clothing & footwear (2025=100)Portugal HICP: Education services (2025=100)Portugal HICP: Energy (2025=100)Portugal HICP: Food & non-alcoholic beverages (2025=100)Portugal HICP: Food (2025=100)Portugal HICP: Furnishings & household equipment (2025=100)Portugal HICP: Health (2025=100)Portugal HICP: Housing, water, electricity & fuels (2025=100)Portugal HICP: Industrial goods (2025=100)Portugal HICP: Information & communication (2025=100)Portugal HICP: Insurance & financial services (2025=100)Portugal HICP: Non-energy industrial goods (2025=100)Portugal HICP: Personal care & misc. goods/services (2025=100)Portugal HICP: Recreation, sport & culture (2025=100)Portugal HICP: Restaurants & accommodation (2025=100)Portugal HICP: Total goods (2025=100)

Other Portugal indicators

Portugal GDP (Gross Domestic Product)Portugal Gross domestic product, Current prices, million EURPortugal Inflation Rate (CPI)Portugal Core Inflation RatePortugal Unemployment RatePortugal 10-Year Government Bond YieldPortugal Credit Rating & Sovereign Risk ScorePortugal Industrial ProductionPortugal Retail SalesPortugal Current account balance (BPM6, vs rest of world), not seasonally adjustedPortugal Current account balance, % of GDPPortugal Trade Balance: Goods & ServicesPortugal Exports of goods and services, Current prices, million EURPortugal Exports of goods and services, chain-linked volumePortugal Exports of goods, total trade (World), seasonally adjustedPortugal Imports of goods and services, Current prices, million EUR

FAQ

What is the current hICP: All-items excl. energy (2025=100) in Portugal?
The latest reading is 2.9% year on year for October 2026, published by Eurostat (Statistical Office of the European Union).
Where does this data come from?
It is collected directly from Eurostat (Statistical Office of the European Union) and is available through the Makrognosis API under the code PT.CPI.M.NSA.GRP-XENERGY.

Last updated 2026-11-05. Source: Eurostat (Statistical Office of the European Union). Original title: “Portugal HICP: All-items excl. energy (2025=100)”.