SYNTHESIS INE@COVID-19, 12 apr-2021

April . 12 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 8/20 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt More information available at: Indices of Production, Employment, and Wages in Construction – January 2021 (10 March 2021) In January, the Employment and Wages in Construction indices registered: • Year-on-year rates of change of 0.1% and 3.4%, respectively (-0.1% and -1.4% in December, in the same order); • Compared to the previous month, an increase of 0.3% in the Employment index (0.2% in January 2020) and a reduction of 17.6% in the Wages and salaries index (-19.2% in January 2020). Employment and Wages and salaries Indices (year-on-year rate of change) 3.4% 0.1% -10.0% -8.0% -6.0% -4.0% -2.0% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% Jan-18 Mar-18 May-18 Jul-18 Sep-18 Nov-18 Jan-19 Mar-19 May-19 Jul-19 Sep-19 Nov-19 Jan-20 Mar-20 May-20 Jul-20 Sep-20 Nov-20 Jan-21 Wages and salaries Employment CPI year-on-year rate of change increased to 0.5% Year-on-year rate of change In February 2021, the Consumer Price Index (CPI) registered a year-on-year rate of change of 0.5% (0.3% in January 2021). The following year-on-year rates of change were also recorded in February 2021: • Unprocessed food index: 1.4% (1.7% in the previous month); • Energy index: -3.0% (-4.4% in the previous month); • Core inflation indicator (total index excluding unprocessed food and energy): 0.7% (0.6% in the previous month). Consumer price and core inflation indices (year-on-year rate of change and 12-month moving average) 0.04% 0.48% 0.70% -1.0% -0.5% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% Feb-17 May-17 Aug-17 Nov-17 Feb-18 May-18 Aug-18 Nov-18 Feb-19 May-19 Aug-19 Nov-19 Feb-20 May-20 Aug-20 Nov-20 Feb-21 CPI (12-month moving average) CPI (year-on-year rate of change) Core Infla�on (year-on-year rate of change)