JULY 31 MONTHLY STATISTICAL BULLETIN CPI annual rate of change estimated at 9.1% Flash estimate Based on the information already available, it is estimated that in July 2022 the following year-on-year rates of change will have been recorded: • Total Consumer Price Index (CPI): 9.1% (8.7% in June), the highest since November 1992; • Core inflation index (total index excluding unprocessed food products and energy): 6.2% (6.0% in the previous month), the highest since April 1994; • Energy products index: 31.2% (0.5 p.p. less than the previous month); • Unprocessed foods products index: 13.2% (11.9% in June). In July, compared to the previous month, the CPI rate of change should have been null (0.8% in June and -0.3% in the same month of the previous year). In July, the average rate of change concerning the CPI in the last twelve months is estimated to have been 4.7% (4.1% in the previous month). More information is available at: Consumer price index – July 2022 (29 July 2022) Monthly rate (%)1 Annual rate (%)1 Jun-22 Jul-22 * Jun-22 Jul-22* CPI Total 0.83 -0.04 8.73 9.06 All items excluding housing 0.85 -0.05 8.99 9.34 All items excluding unproc. food and energy 0.34 -0.33 5.98 6.23 Unprocessed food 1.11 1.02 11.95 13.22 Energy 4.58 1.05 31.66 31.19 HICP Total 1.1 0.0 9.0 9.4 1 Rounded values to two and one decimals. * Estimated values. The Harmonised Index of Consumer Prices (HICP) - the most appropriate inflation indicator for comparisons between the different countries of the European Union, and in particular the Euro Area - should have registered a year-on-year rate of change of 9.4% in Portugal in July (9.0% in the previous month).
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