Official Portal - Statistics Portugal

CPI annual rate of change estimated at 3.3%
Consumer price index
Flash Estimate
CPI annual rate of change estimated at 3.3% - January 2022
31 January 2022


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 3.3% in January 2022 (2.7% in December 2021). The core inflation index, which excludes energy and unprocessed food products components, was 2.5% (1.8% in the previous month), with the prices of most CPI categories accelerating. The annual rate of change of the index for energy products is estimated to be 12.0% (11.2% in December) and the estimated rate for unprocessed food is 3.4% (3.2% in the previous month). 

The CPI monthly rate is estimated to be 0.3% (nil in December and -0.3% in January 2021), while the CPI 12-month average rate was estimated to be 1.5% (1.3% in the previous month). 

The estimate of the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 3.4% (2.8% in the previous month).

The January CPI final results will be released on February 10th, 2022.

Press release
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