Based on the information made available until the date of the present flash estimate, the Consumer Price Index (CPI) annual rate was 0.8% in January 2020 (0.4 percentage points higher than in December 2019). The core inflation index, which excludes energy and unprocessed food products components, was 0.4% (the same value as in the previous month). The annual rate of change of the index for energy products is estimated to be 3.1% (in December the final value was nil).
The estimated CPI monthly rate was -0.9% (in December, the final value was -0.1% and -1.2% in January 2019), while the CPI 12-month average rate was estimated at 0.4% (0.1 p.p. higher than in the previous month).
The estimate of the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 0.8% (0.4% in December).
The January CPI final results will be released on February 12th, 2020.