Summary
The Portuguese Consumer Price Index (CPI) went down -1.5% in October 2009 when compared with October 2008. Excluding energy and unprocessed food, the annual rate decreased to -0.4%. On a monthly basis, the CPI remained unchanged (0.2% in September 2009 and -0.2% in October 2008). The CPI 12-month average rate of change decreased to -0.6% in October.
In October, the Portuguese Harmonised Index of Consumer Prices (HICP) annual inflation rate was -1.6% (-1.8% in September), 1.5 percentage points (p.p.) below the rate estimated by Eurostat for the Euro area.