Summary
The CPI recorded an annual rate of change of 3.1% in March 2012. Excluding energy and unprocessed food, the annual rate was 1.9%. On a monthly basis, the CPI increased to 1.2% (0.1% in February and 1.6% in March 2011). The CPI 12-month average rate decreased 0.1 percentage points (p.p.) to 3.6% in March.
In March 2012, the Portuguese Harmonised Index of Consumer Prices (HICP) annual inflation rate increased to 3.1%, 0.5 p.p. above the rate estimated by Eurostat for the Euro area.