Based on the information available until the date of the present press release, the Consumer Price Index (CPI) annual rate is estimated to have increased to 1.8% in October 2021 (1.5% in September). The core inflation index, which excludes energy and unprocessed food products components, was 1.1% (0.9% in the previous month). The annual rate of change of the index for energy products is estimated to be 13.3% (10.5% in September) and the estimated rate for unprocessed food is -0.7% (-0.4% in the previous month). 

The CPI monthly rate is estimated to be 0.5% (in September, the final value was 0.9% and 0.1% in October 2020), while the CPI 12-month average rate was estimated to be 0.8% (0.6% in the previous month). 

The estimate of the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 1.8% (1.3% in the previous month).

The October CPI final results will be released on November 11th, 2021.