Based on the information available until the date of this press release, the Consumer Price Index (CPI) annual rate is estimated to have decreased to 3.6% in September 2023 (3.7% in August). The core inflation index, which excludes energy and unprocessed food products components was 4.1% (4.5% in the previous month). The annual rate of change of the index for energy products is estimated at -4.1% (-6.5% in August) and the estimated rate for unprocessed food is 6.0% (6.4% in the previous month). 

The CPI monthly rate is estimated to be 1.1% (0.3% in August and 1.2% in September 2022), while the CPI 12-month average rate was estimated to be 6.3% (6.8% in the previous month). 

The estimate of the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 4.8% (5.3% in the previous month).

The September CPI final results will be released on October 12th, 2023.