Based on the information available until the date of this press release, the Consumer Price Index (CPI) annual rate is estimated to have decreased to 2.4% in September 2025 (2.8% in August). The core inflation index, which excludes energy and unprocessed food products components presented a rate of change of 2.0% (2.4% in the previous month). The annual rate of change of the index for energy products was 0.3% (-0.2% in August), and the estimated index for unprocessed food will remain at 7.0%. 

The CPI monthly rate is estimated to be 0.9% (-0.2% in August and 1.3% in September 2024), while the CPI 12-month average rate was estimated to be 2.4% (the same value as in the previous month). 

The estimate of the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 1.9% (2.5% in the previous month). 

The September CPI final results will be released on October 10th, 2025.