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CPI annual rate of change estimated at 2.1%
Consumer price index
Flash Estimate
CPI annual rate of change estimated at 2.1% - February 2024
29 February 2024

Summary

Based on the information available until the date of this press release, the Consumer Price Index (CPI) annual rate is estimated to have decreased to 2.1% in February 2024 (2.3% in January). The core inflation index, which excludes energy and unprocessed food products components was 2.2% (2.4% in the previous month). The annual rate of change of the index for energy products increased to 4.3% (0.2% in January) and the estimated rate for unprocessed food decreased to 0.8% (3.1% in the previous month), partially due to the base effect related to the monthly increase of 1.4% recorded in February 2023.

The CPI monthly rate is estimated to be 0.1% (nil in January and 0.3% in February 2023), while the CPI 12-month average rate was estimated to be 3.3% (3.8% in the previous month). 

The estimate of the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 2.3% (2.5% in the previous month).

The February CPI final results will be released on March 12th, 2024.


Press release
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