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 2.4% in June 2025 (2.3% in May). The core inflation index, which excludes energy and unprocessed food products components also presented a rate of change of 2.4% (2.2% in the previous month). The annual rate of change of the index for energy products decreased to -1.3% (0.1% in May), while the estimated index for unprocessed food accelerated again to 4.7% (4.0% in the previous month).

The CPI monthly rate is estimated to be 0.1% (0.3% in May and nil in June 2024), while the CPI 12-month average rate was estimated to be 2.3% (the same value as in the previous month). 

The estimate of the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 2.1% (1.7% in the previous month). 

The June CPI final results will be released on July 10th, 2025.