The average rate of change of the Portuguese Consumer Price Index (CPI) was 0.5% in 2015 (-0.3% in 2014). Excluding energy and unprocessed food, the average rate of change moved from 0.1% in 2014 to 0.7% in 2015.
The CPI annual rate was 0.4% in December 2015, 0.2 percentage points (p.p.) lower than in the previous month. The annual core inflation rate, which excludes energy and unprocessed food products components, was 0.5% (1.0% in November). The CPI monthly rate was -0.3% (-0.2% in November and 0.0% in December 2014).
In 2015, the Portuguese Harmonised Index of Consumer Prices (HICP) increased 0.5% comparing with 2014. In December 2015, the annual rate of change was 0.3% (0.6% in the previous month), 0.1 p.p. above the rate estimated by Eurostat for the Euro area (in November this difference was 0.4 p.p.).