Official Portal - Statistics Portugal

CPI annual rate of change estimated at 8.7%
Consumer price index
Flash Estimate
CPI annual rate of change estimated at 8.7% - June 2022
30 June 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 8.7% in June (8.0% in May). This is the highest value recorded since December 1992. The core inflation index, which excludes energy and unprocessed food products components, was 6.0% (5.6% in the previous month), the highest rate since May 1994. The annual rate of change of the index for energy products is estimated to be 31.7% (27.3% in May 2022), the highest value since August 1984, and the estimated rate for unprocessed food is 11.9% (11.6% in the previous month). 

The CPI monthly rate is estimated to be 0.8% (1.0% in May and 0.2% in June 2021), while the CPI 12-month average rate was estimated to be 4.1% (3.4% in the previous month). 

The estimate of the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 9.0% (8.1% in the previous month).

The June CPI final results will be released on July 12th, 2022.

Press release
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