SYNTHESIS INE@COVID-19, 17 AUG 2021

4 17 . August . 2021 SÍNT S IN @ COVID-19 Serviço de Comunicação e Imagem | tel: +351 21 842 61 10 | sci@ine.pt www.ine.pt pág. 10/20 12.3% 0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% 2T2012 2T2013 2T2014 2T2015 2T2016 2T2017 2T2018 2T2019 2T2020 2T2021 CPI annual rate of change increases to 1.5% Consumer Price Index In July 2021, the Consumer Price Index (CPI) registered the following year-on-year rates of change: • Total CPI: 1.5% (0.5% in the previous month). This acceleration essentially reflects the dissipation of base effects; • Core inflation index (total index excluding unprocessed food and energy): 0.8% (-0.3% in the previous month); • Energy products index: 8.7% (9.0% in the previous month); • Unprocessed food products index: 0.5% (0.1% in the previous month). The volume of hours actually worked registered a quarterly increase of 10.6% and a year-on-year increase of 32.1%. On average, each employed person worked 35 hours per week. Labour underutilisation comprised 654.2 thousand people, corresponding to: • 12.3% less (92.2 thousand) in relation to the previous quarter; • 12.2% less (90.9 thousand) in relation to the same quarter of 2020. The labour underutilisation rate, estimated at 12.3%, also decreased, both in comparison with the previous quarter (1.8 p.p.) and with the same quarter of 2020 (2.0 p.p.). The inactive population aged 16 and over (3,645.1 thousand people) registered the following rates of change: • -2.9% (107.8 thousand) in relation to the previous quarter; • -6.7% (260.3 thousand) in comparison with the same quarter of 2020. Labour underutilisation rate More information available at: Employment statistics – 2 nd quarter of 2021 (11 August 2021)

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