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 3.4% in April 2026 (2.7% in March). Similarly to what occurred in the previous month, this acceleration is mainly explained by the increase in the prices of fuels. The core inflation index, which excludes energy and unprocessed food products components presented a rate of change of 2.2% (2.0% in the previous month). The annual rate of change of the index for energy products increased to 11.7% (5.7% in March) and the estimated index for unprocessed food presented a rate of change of 7.5% (6.4% in the previous month).
The CPI monthly rate is estimated to be 1.4% (2.0% in March and 0.7% in April 2025), 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 3.3% (2.7% in the previous month).
The April CPI final results will be released on May 13th, 2026.
