SYNTHESIS INE@COVID-19, 07 may-2021

May . 07 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 10/15 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt 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 will have recorded a year-on-year rate of change of -0.1% in April 2021 (0.1% in the previous month). Monthly rate (%) 1 Annual rate (%) 1 Mar-21 Apr-21 * Mar-21 Apr-21 * CPI Total 1.41 0.40 0.45 0.54 All items excluding housing 1.47 0.42 0.41 0.51 All items excluding unproc. food and energy 1.54 0.36 0.14 0.07 Unprocessed food 0.16 0.82 1.29 -1.11 Energy 1.93 0.26 2.36 8.06 HICP Total 1.5 0.5 0.1 -0.1 1 Rounded values to two and one decimals. * Estimated values. The year-on-year rate of change of the CPI will remain at 0.5% Flash estimate The year-on-year rate of change of the Consumer Price Index (CPI) in April will have been 0.5%, the same as in March. The core inflation indicator (total index excluding unprocessed food products and energy) should also have remained unchanged, registering a year-on-year rate of change of 0.1%. In April, concerning the month-on-month rate of change, the CPI will have had a rate of 0.4% (1.4% in March 2021 and 0.3% in April 2020). In April, it is estimated that the rate of change over the last twelve months will have been 0.1% (it was nil in the previous month). More information available at: CPI/HICP flash estimate – April 2021 (30 April 2021)