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 1.9% in March 2025 (2.4% in February). The core inflation index, which excludes energy and unprocessed food products components was 1.9% (2.5% in the previous month). The annual rate of change of the index for energy products was nil after attaining 1.5% in February and the estimated rate for unprocessed food increased to 2.8% (2.4% in the previous month).

The CPI monthly rate is estimated to be 1.4% (-0.1% in February and 2.0% in March 2024), while the CPI 12-month average rate was estimated to be 2.4% (2.5% in the previous month). 

The estimate of the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 1.9% (2.5% in the previous month). 

The March CPI final results will be released on April 10th, 2025.