According to the flash estimate, the Consumer Price Index (CPI) annual rate was 1.6% in June 2018 (the final value in May was 1.0%). The estimated annual core inflation rate, which excludes energy and unprocessed food products components, was 1.0% (0.6% in the previous month). The index for energy products has also accelerated, with the annual rate of change estimated to be 7.4% in June.
The estimated CPI monthly rate was 0.1% (in May, the final value was 0.4%), while the CPI 12-month average rate was 1.1% (1.0% in the previous month).
The estimate of the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 2.0% (the final value for May was 1.4%).
The June CPI final results will be released on July 11th, 2018.