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CPI annual rate of change estimated at 2.2%
Consumer price index
Flash Estimate
CPI annual rate of change estimated at 2.2% - April 2024
30 April 2024


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 2.2% in April 2024 (2.3% in March). The core inflation index, which excludes energy and unprocessed food products components was 2.0% (2.5% in the previous month). The annual rate of change of the index for energy products increased to 7.9% (4.8% in March), due to the base effect related to the monthly decrease of 3.2% recorded in April 2023. The estimated rate for unprocessed food was nil (-0.5% in the previous month).

The CPI monthly rate is estimated to be 0.5% (2.0% in March and 0.6% in April 2023), while the CPI 12-month average rate was estimated to be 2.6% (2.9% in the previous month). 

The estimate of the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 2.3% (2.6% in the previous month).

The April CPI final results will be released on May 13th, 2024.

Press release
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