Based on the information made available until the date of the present press release, the Consumer Price Index (CPI) annual rate is estimated to be 0.3% in January 2021, 0.5 percentage points (p.p.) higher than in December 2020. The core inflation index, which excludes energy and unprocessed food products components, was 0.5% (-0.1% in December). The annual rate of change of the index for energy products is estimated to be -4.4% (-4.9% in the previous month) and the estimated rate for unprocessed food is 1.8% (2.6% in December).
The estimated CPI monthly rate was -0.3% (in December, the final value was -0.1% and -0.8% in January 2020), while the CPI 12-month average rate was estimated to be -0.1% (nil in the previous month).
The estimate of the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 0.2% (-0.3% in December).
The January CPI final results will be released on February 10th, 2020.

Despite the circumstances determined by the pandemic COVID-19, Statistics Portugal calls for the best collaboration by companies, families and public entities in responding to Statistics Portugal’s data requests. The quality of official statistics, particularly its ability to identify the impacts of the pandemic COVID-19, crucially depends on this collaboration, which Statistics Portugal thanks in advance.