In January 2023
Consumer Prices Index 12-month average rate in the Autonomous Region of Madeira was 7.4%
In January 2023, the Consumer Prices Index (CPI) 12-month average rate in the Autonomous Region of Madeira was 7.4%, increasing by 0.4 percentage points (pp) when compared to the previous month (+7.0%). It is the highest value for this indicator since June 1993.
The underlying inflation indicator, measured by the total index excluding unprocessed food and energy, registered a rate of 6.4%, which is 0.5 pp higher than in the previous month.
Goods recorded a rate of 8.5% and services of 5.7%.
All CPI classes showed positive changes, with the sharpest increase recorded in “Restaurants and Hotels” (+15.9%)”, "Food and non-alcoholic beverages" (+12,4%) and “Transports" (+9,9%).
In Portugal, the value of that rate was 8.2%, 0.4 pp higher than in the previous month (7.8%).
When comparing January 2023 with the same month of 2022, the price change was +8.3% (+8.4% in the country), +0.5 pp compared to the previous month, however below the peak registered in June 2022 (+8.8%).
In January 2023, the average value of housing rents per square meter of floor area in the Region had a change of +0.9% compared to the previous month and of +4.2% if compared with the same month of the previous year.
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