Based on the information available until the date of this press release, the Consumer Price Index (CPI) annual rate is estimated to have increased to 2.1% in February 2026 (1.9% in January). The core inflation index, which excludes energy and unprocessed food products components presented a rate of change of 1.9% (1.8% in the previous month). The annual rate of change of the index for energy products remained at -2.2%, and the estimated index for unprocessed food presented a rate of change of 6.6% (5.8% in the previous month). 

The CPI monthly rate is estimated to be 0.1% (-0.7% in January and -0.1% in February 2025), while the CPI 12-month average rate was estimated to be 2.3% (the same value as in the previous month). 

The estimate of the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 2.1% (1.9% in the previous month). 

The February CPI final results will be released on March 11th, 2026.