Based on the information made available until the date of the present flash estimate, the Consumer Price Index (CPI) annual rate was 0.4% in December 2019 (0.1 percentage points higher than in November). The core inflation index, which excludes energy and unprocessed food products components, was 0.4% (0.6% in the previous month). The annual rate of change of the index for energy products is estimated to be nil (in November, the final value was -3.2%).
The estimated CPI monthly rate was -0.1% (in November, the final value was -0.1% and -0.2% in December 2018), while the CPI 12-month average rate was estimated at 0.3% (0.1 p.p. lower than in the previous month).
The estimate of the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 0.4% (0.2% in November).
The December CPI final results will be released on January 13th, 2020.