SYNTHESIS INE@COVID-19, 8 Oct -2020

October . 08 . 2020 SYNTH SIS IN @ COVID-19 www.ine.pt page 6/14 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt In September, the CPI year-on-year rate of change was estimated at -0.1% Flash estimate In September, the year-on-year rate of change of the Consumer Price Index (CPI) should have been -0.1% (0.0% in August). The core inflation index (total index excluding energy and unprocessed food products ) was also -0.1% (the same value as in August). Concerning the month-on-month rate of change, the CPI should have had a 1.0% increase (-0.3% in August; +1.1% in September 2019). 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 -0.7% in September (-0.2% in August). Monthly rate (%) 1 Annual rate (%) 1 Aug-20 Sept-20 * Aug-20 Sept-20 * CPI Total -0.27 1.03 -0.01 0.08 All items excluding housing -0.29 1.07 -0.11 -0.18 All items excl. unproc. food and energy -0.29 1.32 -0.08 -0.14 Unprocessed food -0.27 -0.08 4.21 4.22 Energy poducts -0.02 -0.40 -4.94 -5.50 HIPC Total -0.3 0.8 -0.2 -0.7 * Estimated values 1 Values ​rounded to two and one decimal place. More information available at: CPI/HICP Flash Estimate (30 September 2020)