Makrognosis

Portugal National CPI inflation, y/y % as published (incl. flash/avance)

MonthlyNot seasonally adjustedCode PT.IPCINFL.M.NSA

Latest3.8%October 2026
Previous3.6%September 2026
Year ago2.3%October 2025

Portugal National CPI inflation, y/y % as published (incl. flash/avance) was 3.8% in October 2026, up 0.2 percentage points from September 2026 and up 1.5 percentage points from a year earlier.

That is the highest reading since May 2023.

Among the 20 economies Makrognosis covers on this measure, it is the 10th lowest.

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

Portugal National CPI inflation, y/y % as published (incl. flash/avance) (Annual rate of change), Jan 1949 – Oct 2026−10%0%10%20%30%40%19501960197019801990200020102020Robomacro
Portugal National CPI inflation, y/y % as published (incl. flash/avance) (Annual rate of change), Jan 1949 – Oct 2026. Source: INE_PT.

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

Recent data

PeriodValue
October 20263.8%
September 20263.6%
August 20263.3%
July 20263.0%
June 20263.2%
May 20263.3%
April 20263.4%
March 20262.7%
February 20262.1%
January 20261.9%
December 20252.2%
November 20252.2%
October 20252.3%
September 20252.4%
August 20252.8%
July 20252.6%
June 20252.4%
May 20252.3%
April 20252.1%
March 20251.9%
February 20252.4%
January 20252.5%
December 20243.0%
November 20242.5%

Last 24 observations. The full history (934 observations) is available through the API.

Get Portugal National CPI inflation, y/y % as published (incl. flash/avance) 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.IPCINFL.M.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/PT.IPCINFL.M.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
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About this series

Latest observationOctober 2026
First observationJanuary 1949
Observations934
FrequencyMonthly
UnitsAnnual rate of change
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.IPCINFL.M.NSA

National CPI inflation, y/y % as published (incl. flash/avance): how Portugal compares

#EconomyPeriodLatest
1RomaniaAug 20266.2%
2GreeceOct 20265.7%
3BulgariaSep 20265.7%
4ItalyOct 20265.4%
5BelgiumOct 20265.3%
6SpainOct 20264.9%
7CroatiaSep 20264.7%
8CyprusOct 20264.4%
9IrelandOct 20264.3%
10EstoniaOct 20264.2%
11PortugalOct 20263.8%
12NetherlandsOct 20263.7%
13AustriaSep 20263.6%
14FranceOct 20263.4%
15LatviaOct 20263.1%
16GermanyOct 20262.8%
17FinlandSep 20262.5%
18Czech RepublicOct 20262.4%
19DenmarkOct 20262.2%
20HungaryOct 20262.0%

National CPI inflation, y/y % as published (incl. flash/avance) by country: all 20 economies ranked →

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 national CPI inflation, y/y % as published (incl. flash/avance) in Portugal?
The latest reading is 3.8% 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.IPCINFL.M.NSA.

Last updated 2026-11-11. Source: INE_PT. Original title: “Portugal CPI inflation (INE national), annual % change as published (varcd 0014648 special aggregates Total)”.