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 June 2019 (same value as in May). The core inflation index, which excludes energy and unprocessed food products components, is estimated to have accelerated in June to an annual rate of 0.6% (0.5% in the previous month). The annual rate of change of the index for energy products is estimated to have decreased to 2.4% (in May, the final value was nil).
The estimated CPI monthly rate was nil (in May, the final value was 0.1% and 0.1% in June 2018), while the CPI 12-month average rate was estimated at 0.9% (1.0% in the previous month).
The Portuguese Harmonised Index of Consumer Prices (HICP) is estimated to increase by 0.7% on a year before in June (the final value for May was 0.3%), reflecting mainly the acceleration in prices of restaurants and hotels, which have a higher relative weight in the HICP compared to the CPI.
The June CPI final results will be released on July 10th, 2019.