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CPI annual rate of change estimated at 2.8%
Consumer price index
Flash Estimate
CPI annual rate of change estimated at 2.8% - June 2024
28 June 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 2.8% in June 2024 (3.1% in May). The core inflation index, which excludes energy and unprocessed food products components was 2.3% (2.7% in the previous month). The annual rate of change of the index for energy products increased to 9.4% (7.8% in May) while the estimated rate for unprocessed food decreased to 2.0% (2.5% in the previous month).

The CPI monthly rate is estimated to be nil (0.2% in May and 0.3% in June 2023), while the CPI 12-month average rate was estimated to be 2.5% (2.6% in the previous month). 

The estimate of the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 3.1% (3.8% in the previous month). This deceleration is mainly due to a decrease in hotel prices, for which the acceleration recorded in May was essentially due a major cultural event that occurred in Lisbon.

The June CPI final results will be released on July 10th, 2024.

Press release
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