ased 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 9.3% in September (8.9% in August), the highest rate recorded since October 1992. The core inflation index, which excludes energy and unprocessed food products components, was 6.9% (6.5% in the previous month), the highest rate since February 1994. The annual rate of change of the index for energy products is estimated to be 22.2% (1.8 p.p. lower than in the previous month), and the estimated rate for unprocessed food is 16.9% (15.4% in the previous month), the highest value since July 1990. 

The CPI monthly rate is estimated to be 1.2% (-0.3% in August and 0.9% in September 2021), while the CPI 12-month average rate was estimated to be 6.0% (5.3% in the previous month). 

The estimate of the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 9.8% (9.3% in the previous month).

The September CPI final results will be released on October 13th, 2022.