Summary
The CPI recorded an annual rate of change of 3.6% in January 2011. Excluding energy and unprocessed food, the annual rate was 2.1%. On a monthly basis, the CPI increased to 0.6% (0.3% in December and -0.5% in January 2010). The CPI 12-month average rate increased 0.3 percentage points (p.p.) to 1.7% in January.
In January 2011, the Portuguese Harmonised Index of Consumer Prices (HICP) annual inflation rate increased to 3.6%, 1.2 p.p. above the rate estimated by Eurostat for the Euro area.