SYNTHESIS INE@COVID-19, 6 Nov-2020

November . 06 . 2020 SYNTH SIS IN @ COVID-19 www.ine.pt page 11/15 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt In October, the year-on-year rate of change of the CPI was the same as in the previous month - Flash estimate In October, the year-on-year rate of change of the Consumer Price Index (CPI) should have been the same as the one recorded in the previous month: -0.1%. The core inflation index (total index excluding energy and unprocessed food products ) was also -0.1% (the same value as in September). Concerning the month-on-month rate of change, the CPI should have been 0.1% (1.0% in September and had a nil result in October 2020). Considering the Harmonised Index of Consumer Prices (HICP), the most appropriate inflation indicator for comparisons between the different European Union countries, and particularly in the Euro Area, Portugal will have recorded a year-on-year rate of change of -0.6% in October (-0.8% in September). More information available at: CPI/HICP Flash Estimate – September 2020 (30 October 2020) Monthly rate (%) 1 Annual rate (%) 1 Sept-20 Oct-20 * Sept-20 Oct-20 * CPI Total 0.97 0.10 -0.14 -0.08 All items excluding housing 1.00 0.09 -0.24 -0.18 All items excl. unproc. food and energy 1.25 0.10 -0.18 -0.10 Unprocessed food -0.09 0.40 4.21 4.56 Energy poducts -0.46 -0.41 -5.55 -6.01 HIPC Total -0.8 -0.1 -0.8 -0.6 * Estimated values 1 Values ​rounded to two and one decimal place.