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. 11/20 Consumer price and core inflation indices (year-on-year rate of change and 12-month moving average) In July 2021, the CPI also registered the following rates of change: • Month-on-month: -0.3% (0.2% in the previous month and -1.3% in July 2020); • Month-on-month, excluding unprocessed food and energy: -0.6% (-0.1% in the previous month and -1.7% in July 2020); • 12-month average: 0.4% (0.3% in the previous month). Harmonised Index of Consumer Prices In July 2021, in Portugal, the Harmonised Index of Consumer Prices (HICP) registered the following rates of change: • Year-on-year: 1.1% (+1.7 percentage points (p.p.) than in the previous month and -1.1 p.p. than the value estimated by Eurostat for the Euro area); • Month-on-month: -0.4% (0.2% in the previous month and -2.0% in July 2020); • 12-month average: -0.1% (-0.2% in the previous month). The oscillation of the differential of the Portuguese HICP in year-on-year terms compared to the Euro area is partly associated with the uneven impact of the pandemic across the various member states, which generates base effects of different magnitudes. Harmonised Index of Consumer Prices (year-on-year rate of change in the Eurozone Countries, July 2021) More infomation available at: Consumer price index – July 2021 (11 August 2021)