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 3.3% in August 2026 (3.0% in July). This acceleration is almost entirely explained by the increase in the prices of fuels. The core inflation index, which excludes energy and unprocessed food products components was 2.7% (2.6% in the previous month). The annual rate of change of the index for energy products increased to 12.2% (8.7% in July) and the estimated index for unprocessed food presented a rate of change of 3.4% (3.7% in the previous month).
The CPI monthly rate is estimated to be 0.1% (-0.5% in July and -0.2% in August 2025), while the CPI 12-month average rate was estimated to be 2.7% (2.6% in the previous month).
The estimate of the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 3.6% (3.1% in the previous month).
The August CPI final results will be released on September 10th, 2026.
