Official Portal - Statistics Portugal

CPI annual rate of change estimated at 9.9%
Consumer price index
Flash Estimate
CPI annual rate of change estimated at 9.9% Flash Estimate - November 2022
30 November 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 decreased to 9.9% in November (10.1% in October). The core inflation index, which excludes energy and unprocessed food products components, was 7.2% (7.1% in the previous month), the highest rate since December 1993. The annual rate of change of the index for energy products is estimated to have decreased to 24.8% (2.8 p.p. lower than in October). The estimated rate for unprocessed food decreased to 18.4% (18.9% in the previous month), while the processed food rate is estimated to have increased to 16.8% (14.1% in October). 

The CPI monthly rate is estimated to be 0.3% (1.2% in October and 0.4% in November 2021), while the CPI 12-month average rate was estimated to be 7.3% (6.7% in the previous month). 

The estimate of the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 10.3% (10.6% in the previous month).

The November CPI final results will be released on December 14th, 2022. 

Press release
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