According to the flash estimate based on the information currently available, the Consumer Price Index (CPI) annual rate was 1.2% in August 2018 (the final value in July was 1.6%). The estimated annual core inflation rate, which excludes energy and unprocessed food products components, was 0.6% (1.0% in the previous month). The annual rate of change of the index for energy products is estimated to have decelerated from 7.7% in July to 7.4% in August.
The estimated CPI monthly rate was -0.3% (in July, the final value was -0.6% and nil in August 2017), while the CPI 12-month average rate was 1.2% (1.1% in July).
The estimate of the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 1.3% (the final value for July was 2.2%).
The August CPI final results will be released on September 12th, 2018.