Based on the information available until the date of this press release, the Consumer Price Index (CPI) annual rate is estimated to have remained ate 3.3% in May 2026. The core inflation index, which excludes energy and unprocessed food products components was 2.2% (the same value as in the previous month). The annual rate of change of the index for energy products increased to 13.2% (11.7% in April) and the estimated index for unprocessed food presented decelerated to 5.7% (7.5% in the previous month).
The CPI monthly rate is estimated to be 0.3% (1.4% in April and 0.3% in May 2025), 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 3.1% (3.3% in the previous month).
The May CPI final results will be released on June 12th, 2026.
