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CPI annual rate of change estimated at 2.8%. Annual average rate of change for 2021 estimated at 1.3%
CPI/HICP Flash Estimate
CPI annual rate of change estimated at 2.8%. Annual average rate of change for 2021 estimated at 1.3% - December 2021
03 January 2022

Summary

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 2.8% in December 2021 (2.6% in November). The core inflation index, which excludes energy and unprocessed food products components, was 1.8% (1.7% in the previous month). The annual rate of change of the index for energy products is estimated to be 11.2% (14.1% in November) and the estimated rate for unprocessed food is 3.2% (0.8% in the previous month). 

The CPI monthly rate is estimated to be nil (0.4% in November 2021 and -0.1% in December 2020), while the CPI 12-month average rate was estimated to be 1.3% (1.0% in the previous month). 

The estimate of the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 2.8% (2.6% in the previous month).

The December CPI final results will be released on January 12th, 2022.


Press release
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