Based on the information made available until the date of the present flash estimate, the Consumer Price Index (CPI) annual rate was 0.4% in January 2019 (the final value in December 2018 was 0.7%). The estimated annual core inflation rate, which excludes energy and unprocessed food products components, was 0.7% (0.6% in the previous month). The annual rate of change of the index for energy products is estimated to have decreased from 1.4% in December to -2.2% in January.
The estimated CPI monthly rate was -1.2% (in December, the final value was -0.2% and -1.0% in January 2018), while the CPI 12-month average rate was estimated at 0.9% (1.0% in the previous month).
The estimate of the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 0.5% (the final value for December was 0.6%).
The January CPI final results will be released on February 12th, 2019.