Official Portal - Statistics Portugal

CPI annual rate of change estimated at 9.1%
Consumer price index
Flash Estimate
CPI annual rate of change estimated at 9.1% - July 2022
29 July 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 9.1% in July (8.7% in June). This is the highest value recorded since November 1992. The core inflation index, which excludes energy and unprocessed food products components, was 6.2% (6.0% in the previous month), the highest rate since April 1994. The annual rate of change of the index for energy products is estimated to be 31.2% (0.5 p.p. lower than in the previous month), and the estimated rate for unprocessed food is 13.2% (11.9% in the previous month). 

The CPI monthly rate is estimated to be nil (0.8% in June and -0.3% in July 2021), while the CPI 12-month average rate was estimated to be 4.7% (4.1% in the previous month). 

The estimate of the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 9.4% (9.0% in the previous month).

The July CPI final results will be released on August 10th, 2022.

Press release
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