Based on the information made available until the date of the present press release, the Consumer Price Index (CPI) annual rate was estimated at 0.4% in February 2020 (0.4 percentage points lower than in January). The core inflation index, which excludes energy and unprocessed food products components, was 0.1% (0.3 p.p. lower than in the previous month). The annual rate of change of the index for energy products is estimated to be 0.9% (in January the final value was 3.1%).
The estimated CPI monthly rate was -0.6% (in January, the final value was -0.8% and -0.2% in February 2019), while the CPI 12-month average rate was estimated at 0.3% (0.1 p.p. lower than in the previous month).
The estimate of the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 0.6% (0.8% in January).
The February CPI final results will be released on March 11th, 2020.