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.