SYNTHESIS INE@COVID-19, 4 JUN 2021

June . 04 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 2/10 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt More information available at: CPI/HICP flash estimate – May 2021 (31 May 2021) In May 2021, concerning the Harmonised Index of Consumer Prices (HICP) - the most appropriate inflation indicator for comparisons between the different countries of the European Union and, in particular, the Euro Area - Portugal should have registered a year-on-year rate of change of 0.4% (0.1% in the previous month). Monthly rate (%) 1 Annual rate (%) 1 Apr-21 May-21 * Apr-21 May-21 * CPI Total 0.42 0.24 0.55 1.25 All items excluding housing 0.43 0.24 0.52 1.22 All items excluding unproc. food and energy 0.37 0.16 0.08 0.63 Unprocessed food 0.84 0.29 -1.09 -0.14 Energy 0.26 0.93 8.07 9.91 HICP Total 0.5 0.2 -0.2 0.4 1 Rounded values to two and one decimals. * Estimated values. In April, the unemployment rate stood at 6.9% and the labour underutilisation rate at 12.9% Themonthly estimates presented correspond tomoving quarters, whose referencemonth is the central month of each of these quarters. Therefore, the definitive estimates for March include the months of February, March and April, while the provisional estimates for April comprise the months of March, April and May. The estimates are calculated considering the population aged 15 to 74 years and the figures are seasonally adjusted. In April 2021 (provisional data): • The employed population remained virtually unchanged from the previous month and increased by 1.2% compared to the same month in 2020; • The unemployed population increased by 4.9% compared to March 2021 and by 9.0% compared to April 2020; • The unemployment rate stood at 6.9%, decreasing by 0.3 percentage points (p.p.) compared with the previous month and 0.5 p.p. more than in the same month of 2020; • The labour underutilisation rate stood at 12.9%, the same as in the previous month and 0.8 p.p. lower than in April 2020.