MAY 2022 29 MONTHLY STATISTICAL BULLETIN The annual rate of change concerning the CPI is estimated at 8.0% Flash estimate Based on the information already available, it is estimated that in May 2022 the following rates of change will have been recorded in year-on- -year terms: • Total Consumer Price Index (CPI): 8.0%, the highest value since February 1993; • Core inflation index (total index excluding unprocessed food and energy): 5.6%, the highest since October 1994; • Energy products index: 27.2%, the highest since February 1985; • Unprocessed food index: 11.7%. Compared to the previous month, the CPI rate of change in May should have been 1.0% (2.2% in the previous month and 0.2% in May 2021). In May 2022, the average rate of change concerning the CPI in the last twelve months is estimated to have been 3.4% (2.8% in the previous month). More information is available at: Consumer price index flash estimate – May 2022 31 May 2022 Monthly rate (%)1 Annual rate (%)1 Apr-22 May-22 * Apr-22 May-22* CPI Total 2.20 1.00 7.20 8.02 All items excluding housing 2.29 1.03 7.40 8.25 All items excluding unproc. food and energy 1.48 0.76 4.96 5.60 Unprocessed food 4.25 2.35 9.41 11.66 Energy 6.04 1.36 26.72 27.25 HICP Total 2.4 1.0 7.4 8.1 1 Rounded values to two and one decimals. * Estimated values. In May 2022, the Portuguese Harmonised Index of Consumer Prices (HIPC) - the most appropriate inflation index for comparisons between the different countries of the European Union, and in particular the Euro Area - will have registered a year-on-year rate of change of 8.1%.
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