Based on the information made available until the date of the present flash estimate, the Consumer Price Index (CPI) annual rate was 0.7% in December 2018 (the final value in November was 0.9%). The estimated annual core inflation rate, which excludes energy and unprocessed food products components, was 0.6% (0.5% in the previous month). The annual rate of change of the index for energy products is estimated to have decreased from 4.7% in November to 1.5% in December.
The CPI annual average rate of change for 2018 was estimated at 1.0%, 0.4 percentage points lower than in 2017. The estimated CPI monthly rate was -0.2% (in November, the final value was -0.4% and nil in December 2017).
The estimate of the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 0.6% (the final value for November was 0.9%). The HICP annual average rate of change for 2018 was estimated at 1.2%.
The December CPI final results will be released on January 11th, 2019.