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 1.2% in May 2021, 0.6 percentage points (p.p.) higher than in April. The core inflation index, which excludes energy and unprocessed food products components, was 0.6% (0.1% in the previous month).  The annual rate of change of the index for energy products is estimated to be 9.9% (8.1% in April) and the estimated rate for unprocessed food is -0.1% (-1.1% in the previous month).
The estimated CPI monthly rate was 0.2% (in April, the final value was 0.4% and -0.4% in May 2020), while the CPI 12-month average rate was estimated to be 0.2% (0.1% in the previous month).
The estimate of the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 0.4% (-0.1% in the previous month).
The May CPI final results will be released on June 14th, 2021.