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.