In February 2023

Consumer Prices Index 12-month average rate in the Autonomous Region of Madeira was 7.8%

In February 2023, the Consumer Prices Index (CPI) 12-month average rate in the Autonomous Region of Madeira was +7.8%, increasing by 0.4 percentage points (pp) when compared to the previous month (+7.4%).

The underlying inflation indicator, measured by the total index excluding unprocessed food and energy, registered a rate of 6.8%, which is 0.4 pp higher than in the previous month.

Goods recorded a rate of +9.0% and services of +6.0%.

All CPI classes showed positive changes, with the sharpest increase recorded in “Restaurants and Hotels” (+16.6%)”, "Food and non-alcoholic beverages" (+13,9%) and “Transports" (+9,6%). Alcoholic beverages and tobacco" (+0.4%) and "Health" (+0.9%) recorded the smallest increases.

In Portugal, the value of that rate was +8.6%, 0.4 pp higher than in the previous month (+8.2%).

When comparing February 2023 with the same month of 2022, the price change was +8.7% (+8.3% in the country), +0.4 pp compared to the previous month, however below the peak registered in June 2022 (+8.8%).

In February 2023, the average value of housing rents per square meter of floor area in the Region had a change of +0.4% compared to the previous month and of +4.4% if compared with the same month of the previous year.

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