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 4.2% in February (3.3% in January). The core inflation index, which excludes energy and unprocessed food products components, was 3.2% (2.4% in the previous month). The annual rate of change of the index for energy products is estimated to be 14.9% (12.1% in January) and the estimated rate for unprocessed food is 3.8% (3.4% in the previous month). 

The CPI monthly rate is estimated to be 0.4% (0.3% in January and -0.5% in February 2021), while the CPI 12-month average rate was estimated to be 1.8% (1.5% in the previous month). 

The estimate of the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 4.4% (3.4% in the previous month).

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