According to the report from Statistics Portugal, the Consumer Price Index (CPI) annual rate was 0.9% in February 2019 (the final value in January was 0.5%). The estimated annual core inflation rate, which excludes energy and unprocessed food products components, was 1.0% (0.8% in the previous month). The annual rate of change of the index for energy products is estimated to have increased from -2.3% in January to -0.8% in February.

The estimated CPI monthly rate was -0.2% (in January, the final value was -1.2% and -0.7% in February 2018), while the CPI 12-month average rate was estimated at 1.0% (0.9% in the previous month).

The estimate of the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 0.9% (the final value for January was 0.6%).

The February CPI final results will be released on March 12th, 2019.