According to the flash estimate, the Consumer Price Index (CPI) annual rate was 1.1% in January 2018 (the value for
December 2017 was 1.5%). The estimated annual core inflation rate, which excludes energy and unprocessed food
products components, was 1.0% (1.2% in the previous month).
The estimated CPI monthly rate was -1.0% (in December the value was nil), while the CPI 12-month average rate was
1.3% (1.4% in the previous month).
The Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was estimated at 1.1% (1.6% in