Based on the information made available until the date of the present press release, the Consumer Price Index (CPI) annual rate was estimated at 0.0% in April 2020 (the same value as in March). The core inflation index, which excludes energy and unprocessed food products components, was -0.1% (0.1 percentage points (p.p.) lower than in the previous month). Prices for unprocessed food increased 8.4% (5.5 p.p. higher than in March) and the annual rate of change for energy is estimated at -9.1% (-3.7% in the previous month), reflecting the prices reduction in fuels and electricity.
The estimated CPI monthly rate was 0.6% (in March, the final value was 1.4% and 0.6% in April 2019), while the CPI 12-month average rate was estimated at 0.2% (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 0.1% (the same value as in March).
The April CPI final results will be released on May 13th, 2020.
Despite the circumstances determined by the pandemic COVID 19, Statistics Portugal will try to maintain the statistical production and release calendar, although some adjustments might occur associated with the impact of the pandemic in obtaining primary information. For this reason, Statistics Portugal asks for the best collaboration by firms, households and public entities in answering to Statistics Portugal‘s requests to obtain information, using Internet and telephone as alternative channels to face-to-face contacts. In fact, the quality of official statistics, particularly its ability to identify the impacts of the COVID-19 pandemic, depends crucially on this collaboration that Statistics Portugal is grateful for in advance.