Makrognosis

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

MonthlyNot seasonally adjustedCode PT.IPCAINFL.M.NSA

Latest3.9%October 2026
Previous3.6%September 2026
Year ago2.0%October 2025

Portugal National HICP inflation, y/y % as published (incl. flash/avance) was 3.9% in October 2026, up 0.3 percentage points from September 2026 and up 1.9 percentage points from a year earlier.

That is the highest reading since September 2023.

Among the 13 economies Makrognosis covers on this measure, it is the 7th highest.

Over the past ten years it has ranged from −0.8% (Sep 2020) to 10.6% (Oct 2022), averaging 2.5%.

Portugal National HICP inflation, y/y % as published (incl. flash/avance) (Annual rate of change), Dec 1996 – Oct 2026−2.5%0.0%2.5%5.0%7.5%10.0%200020052010201520202025Robomacro
Portugal National HICP inflation, y/y % as published (incl. flash/avance) (Annual rate of change), Dec 1996 – 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 20263.9%
September 20263.6%
August 20263.6%
July 20263.1%
June 20263.1%
May 20263.1%
April 20263.3%
March 20262.7%
February 20262.1%
January 20261.9%
December 20252.4%
November 20252.1%
October 20252.0%
September 20251.9%
August 20252.5%
July 20252.5%
June 20252.1%
May 20251.7%
April 20252.1%
March 20251.9%
February 20252.5%
January 20252.7%
December 20243.1%
November 20242.7%

Last 24 observations. The full history (359 observations) is available through the API.

Get Portugal National HICP 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.IPCAINFL.M.NSA"

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

Latest observationOctober 2026
First observationDecember 1996
Observations359
FrequencyMonthly
UnitsAnnual rate of change
AdjustmentNot seasonally adjusted
10-year high10.6% (Oct 2022)
10-year low−0.8% (Sep 2020)
10-year average2.5%
Source agencyINE_PT
Makrognosis codePT.IPCAINFL.M.NSA

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

#EconomyPeriodLatest
1BulgariaSep 20265.6%
2ItalyOct 20265.6%
3CyprusSep 20265.2%
4SpainOct 20264.9%
5CroatiaSep 20264.3%
6IrelandOct 20264.2%
7PortugalOct 20263.9%
8SloveniaOct 20263.8%
9FranceSep 20263.4%
10NetherlandsOct 20263.3%
11LatviaOct 20263.1%
12HungarySep 20262.1%
13SwedenOct 20260.6%

National HICP inflation, y/y % as published (incl. flash/avance) by country: all 13 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 HICP inflation, y/y % as published (incl. flash/avance) in Portugal?
The latest reading is 3.9% 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.IPCAINFL.M.NSA.

Last updated 2026-11-12. Source: INE_PT. Original title: “Portugal HICP inflation (INE national publication), annual % change as published (varcd 0014656 special aggregates Total)”.