Based on the information available until the date of this press release, the Consumer Price Index (CPI) annual rate is estimated to have increased to 2.1% in September 2024 (1.9% in August). The core inflation index, which excludes energy and unprocessed food products components was 2.8% (2.4% in the previous month). The annual rate of change of the index for energy products decreased to -3.5% (-1.4% in August), mainly as a combination of the monthly decrease in fuels and lubricants (-1.0%) with the base effect of the increase registered in September 2023 (3.2%). The estimated rate for unprocessed food was 0.9% (0.8% in the previous month).

The CPI monthly rate is estimated to be 1.3% (-0.3% in August and 1.1% in September 2023), while the CPI 12-month average rate was estimated to be 2.2% (2.3% in the previous month). 

The estimate of the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 2.6% (1.8% in the previous month). 

The September CPI final results will be released on October 10th, 2024.