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 2.8% in August 2025 (2.6% in July). The core inflation index, which excludes energy and unprocessed food products components presented a rate of change of 2.5% (the same value as in the previous month). The annual rate of change of the index for energy products was -0.2% (-1.1% in July), and the estimated index for unprocessed food accelerated again to 7.0% (6.1% in the previous month).

The CPI monthly rate is estimated to be -0.2% (-0.4% in July and -0.3% in August 2024), while the CPI 12-month average rate was estimated to be 2.4% (2.3% in the previous month). 

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

The August CPI final results will be released on September 10th, 2025.