According to the flash estimate, the Consumer Price Index (CPI) annual rate was 1.6% in July 2018 (1.5% in the previous month). The estimated annual core inflation rate, which excludes energy and unprocessed food products components, was 1.0% (same value as in the previous month). The index for energy products has accelerated, with the annual rate of change estimated to be 7.8% in July.
The estimated CPI monthly rate was -0.6% (in June, the final value was 0.1% and in July 2017 was -0.7%), while the CPI 12-month average rate was 1.1% (same value as in the previous month).
The estimate of the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 2.2% (the final value for June was 2.0%).
The July CPI final results will be released on August 10th, 2018.