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 7.2% in April (5.3% in March). This is the highest value recorded since March 1993. The core inflation index, which excludes energy and unprocessed food products components, was 5.0% (3.8% in the previous month), the highest rate since September 1995. The annual rate of change of the index for energy products is estimated to be 26.7% (19.8% in March 2022), the highest value since May 1985, and the estimated rate for unprocessed food is 9.5% (5.8% in the previous month). 

The CPI monthly rate is estimated to be 2.2% (2.5% in March and 0.4% in April 2021), while the CPI 12-month average rate was estimated to be 2.8% (2.2% in the previous month). 

The estimate of the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 7.4% (5.5% in the previous month).

The April CPI final results will be released on May 11th, 2022.