Based on the information made available until the date of the present press release, the Consumer Price Index (CPI) annual rate is estimated to be 0.5% in April 2021, the same value as in March. The core inflation index, which excludes energy and unprocessed food products components, has also remained stable, registering a 0.1% annual rate in April. The annual rate of change of the index for energy products is estimated to be 8.1% (2.4% in the previous month) and the estimated rate for unprocessed food is -1.1% (1.3% in March). This reduction of unprocessed food prices mainly reflects the base effect related to the strong price increases registered in April 2020.
The estimated CPI monthly rate was 0.4% (in March, the final value was 1.4% and 0.3% in April 2020), while the CPI 12-month average rate was estimated to be 0.1% (nil in the previous month).
The estimate of the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was -0.1% (0.1% in the previous month).
The April CPI final results will be released on May 12th, 2021.
Despite the circumstances determined by the pandemic COVID-19, Statistics Portugal calls for the best collaboration by companies, families and public entities in responding to Statistics Portugal’s data requests. The quality of official statistics, particularly its ability to identify the impacts of the pandemic COVID-19, crucially depends on this collaboration, which Statistics Portugal thanks in advance.