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CPI annual rate of change estimated at 2.5%
Consumer price index
Flash Estimate
CPI annual rate of change estimated at 2.5% - November 2024
29 November 2024

Summary

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 2.5% in November 2024 (2.3% in October). The core inflation index, which excludes energy and unprocessed food products components was 2.6% (the same value as in the previous month). The annual rate of change of the index for energy products increased to 2.1% (-0.2% in October), being the main contribution for the CPI acceleration, and the estimated rate for unprocessed food was 1.9% (2.1% in the previous month).

The CPI monthly rate is estimated to be -0.2% (0.1% in October and -0.3% in November 2023), while the CPI 12-month average rate was estimated to be 2.3% (2.2% in the previous month). 

The estimate of the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 2.7% (2.6% in the previous month). 

The November CPI final results will be released on December 11th, 2024.


Press release
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