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 2.4% in February 2025 (2.5% in January). The core inflation index, which excludes energy and unprocessed food products components was 2.4% (2.7% in the previous month). The annual rate of change of the index for energy products decreased to 1.5% (2.4% in January) and the estimated rate for unprocessed food increased to 2.4% (1.8% in the previous month).

The CPI monthly rate is estimated to be -0.1% (-0.5% in January and nil in February 2024), while the CPI 12-month average rate was estimated to be 2.5% (2.4% in the previous month). 

The estimate of the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 2.4% (2.7% in the previous month). 

The February CPI final results will be released on March 12th, 2025.