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

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%.

- Source agency: INE_PT
- Makrognosis code: `PT.IPC.M.NSA`
- Frequency: monthly
- Units: Index 2025=100
- Coverage: 1948-01-01 to 2026-10-01 (946 observations)
- Page: https://makrognosis.robomacro.com/data/portugal/national-cpi-ipc-indice-de-precios-de-consumo

## Recent data

| Period | Value | Y/Y % |
|---|---:|---:|
| October 2026 | 104.8 | 3.8 |
| September 2026 | 104.6 | 3.6 |
| August 2026 | 103.3 | 3.3 |
| July 2026 | 103.2 | 3.0 |
| June 2026 | 103.8 | 3.2 |
| May 2026 | 103.7 | 3.3 |
| April 2026 | 103.5 | 3.3 |
| March 2026 | 102.1 | 2.7 |
| February 2026 | 100.1 | 2.1 |
| January 2026 | 100.0 | 1.9 |
| December 2025 | 100.7 | 2.2 |
| November 2025 | 100.6 | 2.2 |
| October 2025 | 100.9 | 2.3 |
| September 2025 | 100.9 | 2.4 |
| August 2025 | 99.98 | 2.8 |
| July 2025 | 100.2 | 2.6 |
| June 2025 | 100.6 | 2.4 |
| May 2025 | 100.4 | 2.3 |
| April 2025 | 100.1 | 2.1 |
| March 2025 | 99.40 | 1.9 |
| February 2025 | 98.01 | 2.4 |
| January 2025 | 98.12 | 2.5 |
| December 2024 | 98.56 | 3.0 |
| November 2024 | 98.45 | 2.5 |

## API

```
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"]
```