Consumer Price Index (CPI)

27 February 2018

Flash estimate of the Consumer Price Index (CPI) and of the Harmonised Index of Consumer Prices (HICP) February 2018

The annual change in the flash estimate of the CPI stands at 1.1% in February, five tenths higher than that registered in January The annual rate of the flash estimate of the HICP is 1.2% According to the flash estimate issued by the INE, the annual inflation of the CPI in February 2018 was 1.1%. This indicator provides a preview of the CPI that, if confirmed, would imply an increase of five tenths in the annual rate, since in January this change was 0.6%. This behaviour highlights the increase in the prices of electricity compared to the decrease of those in 2017. Annual evolution of the CPI, base 2016 (1) Overall Index 4.0 3.5

3.0

3.0

3.0 2.3

2.5

2.6 1.9

2.0

1.5

1.5

1.6

1.8

1.6

1.7

1.5

1.1

1.0

1.1 0.6

(1)

February

January 2018

December

November

October

September

August

July

June

May

April

March

February

0.0

January 2017

0.5

The last data refers to the flash estimate

In turn, the annual variation of the flash estimate of the HICP in February stands at 1.2%. If confirmed, the annual rate of the HICP would increase five tenths as compared to the previous month.

CPI / HICP FLASH ESTIMATES – FEBRUARY 2018 (1/2)

Monthly rate trend According to the flash estimate of the CPI, consumer prices registered a variation of 0.1% in February, as compared with January. Monthly rate trend of the CPI in February 0.6

0.4 0.2 0.2

0.1 0.0

0.0

-0.2

-0.4 -0.4

-0.4

2016

2017

-0.6 2014

2015

2018

In turn, the monthly change of the HICP flash estimate in February stands at 0.1%.

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CPI / HICP FLASH ESTIMATES – FEBRUARY 2018 (2/2)