JANUARY 2022 19 MONTHLY STATISTICAL BULLETIN CPI year-on-year rate of change estimated at 3.3% Flash estimate In January 2022, the following year-on-year rates of change will have been recorded: • Total Consumer Price Index (CPI): 3.3% (2.7% in the previous month); • Core inflation index (total index excluding unprocessed food and energy): 2.5% (1.8% in the previous month); • Energy products index: 12.0% (11.2% in the previous month); • Unprocessed food index: 3.4% (3.2% in December). Compared to the previous month, the CPI rate of change in January is estimated to have been 0.3% (zero in December 2021 and -0.3% in January 2021). It is estimated that in January 2022, the average rate of change concerning the last twelve months was 1.5% (1.3% in the previous month). The Harmonised Index of Consumer Prices (HIPC) - the most appropriate inflation indicator for comparisons between the different countries of the European Union, and in particular the Euro Area - should have registered in Portugal a year-on-year rate of change of 3.4% in January 2022 (2.8% in the previous month). More information is available at: CPI/HICP flash estimate – January 2022 (31 January 2022) Monthly rate (%)1 Annual rate (%)1 Dec 21 Jan-22 * Dec-21 Jan-22* IPC Total 0.01 0.29 2.4 3.35 All items excluding housing 0.01 0.29 2.77 3.40 All items excluding unproc. food and energy -0.04 -0.01 1.82 2.47 Unprocessed food 1.27 0.62 3.21 3.42 Energy -1.18 2.65 11.18 11.99 HICP Total 0.0 0.3 2.8 3.4 1 Rounded values to two and one decimals. * Estimated values.
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