SYNTHESIS INE@COVID-19, 9 mar-2021

March . 09 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 7/18 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt More information available at: CPI/HICP flash estimate – February 2021 (26 February 2021) CPI year-on-year rate of change estimated at 0.5% Flash estimate In February 2021, the year-on-year rate of change of the Consumer Price Index (CPI) was 0.5% (0.3% in January). The core inflation indicator (total index excluding unprocessed food and energy) should have registered a rate of change of 0.7% (0.6% in the previous month). In February, regarding the month-on-month rate of change, the CPI will have had a rate of -0.5% (-0.3% in January 2021 and -0.6% in February 2020). Monthly rate (%) 1 Annual rate (%) 1 Jan-21 Feb-21 * Jan-21 Feb-21 * CPI Total -0.30 -0.45 0.30 0.49 All items excluding housing -0.33 -0.47 0.23 0.44 All items excluding unproc. food and energy -0.63 -0.53 0.55 0.68 Unprocessed food 0.42 -0.26 1.70 1.38 Energy 1.92 0.06 -4.38 -3.07 HICP Total -0.3 -0.5 0.2 0.3 1 Rounded values to two and one decimals. * Estimated values With regard to the Harmonised Index of Consumer Prices (HIPC) - 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 0.3% in February 2021 (0.2% in the previous month).