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CPI annual rate of change estimated at 3.7%
Consumer price index
Flash Estimate
CPI annual rate of change estimated at 3.7% - August 2023
31 August 2023

Summary

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 3.7% in August 2023 (3.1% in July). This acceleration reflects mainly the increase registered in Fuel prices. The core inflation index, which excludes energy and unprocessed food products components was 4.5% (4.7% in the previous month). The annual rate of change of the index for energy products is estimated at -6.5% (-14.9% in July) and the estimated rate for unprocessed food is 6.5% (6.8% in the previous month). 

The CPI monthly rate is estimated to be 0.3% (-0.4% in July and -0.3% in August 2022), while the CPI 12-month average rate was estimated to be 6.8% (7.3% in the previous month). 

The estimate of the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 5.3% (4.3% in the previous month).

The August CPI final results will be released on September 12th, 2023.


Press release
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