Based on the information available until the date of the present press release, the Consumer Price Index (CPI) annual rate is estimated to have increased to 2.6% in November 2021 (1.8% in October). The core inflation index, which excludes energy and unprocessed food products components, was 1.8% (1.1% in the previous month). The annual rate of change of the index for energy products is estimated to be 14.2% (13.4% in October) and the estimated rate for unprocessed food is 0.8% (-0.7% in the previous month). 

The CPI monthly rate is estimated to be 0.5% (the same value as in October 2021 and -0.3% in November 2020), while the CPI 12-month average rate was estimated to be 1.0% (0.8% in the previous month). 

The estimate of the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 2.7% (1.8% in the previous month).

The November CPI final results will be released on December 14th, 2021.