Statistics Portugal : The CPI annual average rate of change was nil in 2020 and the rate of change on a year earlier was -0.2% in December

Summary

In 2020, the average rate of change of the Portuguese Consumer Price Index (CPI) was nil (0.3% in 2019). Excluding energy and unprocessed food, the average rate of change was also nil in 2020 (0.5% in the previous year).
The CPI annual rate was -0.2% in December (the same value as in November). The annual core inflation rate, which excludes energy and unprocessed food products components, was -0.1% (-0.2% in the previous month). The CPI monthly rate was -0.1% (-0.3% in November and -0.1% in December 2019).
In 2020, the annual average rate of change of the Portuguese Harmonised Index of Consumer Prices (HICP) was -0.1% (0.3% in 2019). In December 2020, the HICP annual rate of change was -0.3% (-0.4% in the previous month) and is the same as the figure estimated by Eurostat for the Euro area.

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