Makrognosis

Portugal Inflation Rate (CPI)

MonthlyNot seasonally adjustedCode PT.CPI.M.NSA

Latest (y/y)3.8%October 2026
Previous (y/y)3.6%September 2026
Level104.8October 2026

Portugal Inflation Rate (CPI) was up 3.8% year on year in October 2026, compared with 3.6% in September 2026.

The level stood at 104.8 (Index 2025=100).

That is the highest reading since May 2023.

Among the 80 economies Makrognosis covers on this measure, it is the 40th highest.

Over the past ten years it has ranged from −0.7% (May 2020) to 10.1% (Oct 2022), averaging 2.3%.

Portugal Inflation Rate (CPI), annual % change, Jan 1949 – Oct 2026−10%0%10%20%30%40%19501960197019801990200020102020Robomacro
Portugal Inflation Rate (CPI), annual % change, Jan 1949 – Oct 2026. Source: INE_PT.
Portugal Inflation Rate (CPI), level (Index 2025=100)025507510019501960197019801990200020102020Robomacro
Portugal Inflation Rate (CPI), level (Index 2025=100).

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

Recent data

PeriodValueY/Y %
October 2026104.83.8
September 2026104.63.6
August 2026103.33.3
July 2026103.23.0
June 2026103.83.2
May 2026103.73.3
April 2026103.53.3
March 2026102.12.7
February 2026100.12.1
January 2026100.01.9
December 2025100.72.2
November 2025100.62.2
October 2025100.92.3
September 2025100.92.4
August 202599.982.8
July 2025100.22.6
June 2025100.62.4
May 2025100.42.3
April 2025100.12.1
March 202599.401.9
February 202598.012.4
January 202598.122.5
December 202498.563.0
November 202498.452.5

Last 24 observations. The full history (946 observations) is available through the API.

Get Portugal Inflation Rate (CPI) 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"

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

About this series

Latest observationOctober 2026
First observationJanuary 1948
Observations946
FrequencyMonthly
UnitsIndex 2025=100
AdjustmentNot seasonally adjusted
10-year high10.1% (Oct 2022)
10-year low−0.7% (May 2020)
10-year average2.3%
Source agencyINE_PT
Makrognosis codePT.CPI.M.NSA

Inflation Rate (CPI): how Portugal compares

#EconomyPeriodLatest
1VenezuelaOct 2026376.9%
2SudanDec 202568.1%
3ArgentinaOct 202633.1%
4TurkeyOct 202629.8%
5HaitiSep 202616.4%
35IrelandOct 20264.3%
36SerbiaOct 20264.3%
37EstoniaOct 20264.2%
38ThailandOct 20263.9%
39PolandSep 20263.9%
40PortugalOct 20263.8%
41MexicoOct 20263.8%
42New ZealandSep 20263.7%
43NetherlandsOct 20263.7%
44AustriaSep 20263.6%
45NorwayOct 20263.6%
46North MacedoniaSep 20263.5%

Inflation Rate (CPI) by country: all 80 economies ranked →

More Portugal Inflation Rate (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. energy (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)

Other Portugal indicators

Portugal GDP (Gross Domestic Product)Portugal Gross domestic product, Current prices, million EURPortugal 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 EURPortugal Imports of goods and services, chain-linked volume

FAQ

What is the current inflation Rate (CPI) in Portugal?
The latest reading is 3.8% year on year for October 2026, published by INE_PT.
Where does this data come from?
It is collected directly from INE_PT and is available through the Makrognosis API under the code PT.CPI.M.NSA.

Last updated 2026-11-12. Source: INE_PT. Original title: “Portugal CPI (INE national), overall index 2025=100 (varcd 0014640 special aggregates Total; distinct from Eurostat HICP on PT.HICP.M.NSA)”.