Makrognosis

Portugal National CPI (IPC / Índice de Precios de Consumo)

MonthlyNot seasonally adjustedCode PT.IPC.M.NSA

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

Portugal National CPI (IPC / Índice de Precios de Consumo) 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 16 economies Makrognosis covers on this measure, it is the 8th highest.

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

Portugal National CPI (IPC / Índice de Precios de Consumo), annual % change, Jan 1949 – Oct 2026−10%0%10%20%30%40%19501960197019801990200020102020Robomacro
Portugal National CPI (IPC / Índice de Precios de Consumo), annual % change, Jan 1949 – Oct 2026. Source: INE_PT.
Portugal National CPI (IPC / Índice de Precios de Consumo), level (Index 2025=100)025507510019501960197019801990200020102020Robomacro
Portugal National CPI (IPC / Índice de Precios de Consumo), 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 National CPI (IPC / Índice de Precios de Consumo) 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.IPC.M.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/PT.IPC.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.IPC.M.NSA

National CPI (IPC / Índice de Precios de Consumo): how Portugal compares

#EconomyPeriodLatest
1GreeceOct 20265.7%
2BulgariaSep 20265.7%
3ItalyOct 20265.4%
4BelgiumOct 20265.3%
5SpainSep 20264.9%
6CyprusOct 20264.4%
7IrelandOct 20264.3%
8PortugalOct 20263.8%
9NetherlandsOct 20263.7%
10FranceOct 20263.4%
11SloveniaOct 20263.3%
12LatviaOct 20263.1%
13MaltaSep 20262.9%
14GermanyOct 20262.8%
15LuxembourgOct 20262.7%
16FinlandSep 20262.5%

National CPI (IPC / Índice de Precios de Consumo) by country: all 16 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 (IPC / Índice de Precios de Consumo) 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.IPC.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.CPI.M.NSA)”.