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CPI annual rate of change estimated at 7.2%
Consumer price index
Flash Estimate
CPI annual rate of change estimated at 7.2% Flash Estimate - April 2022
29 April 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 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.

Press release
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