SYNTHSIS INE@COVID-19, 19 Nov-2020

November . 19 . 2020 SYNTH SIS IN @ COVID-19 www.ine.pt page 10/17 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt The increases in the year-on-year rates of change of the following aggregates stand out in comparison with the previous month: • Food products and non-alcoholic beverages : +2.5% (+2.0% in September); • Restaurants and hotels : -0.4% (-0.7% in September); • Transports : -2.9% (-3.2% in September); • Goods and services : 1.7% (1.4% in September); On the contrary, it should be noted the decrease in the year-on-year rate of change of: • Education : -1.5% (-0.8% in September); • Clothing and footwear : -2.9% (-2.4% in September); • Leisure, recreation and culture : -0.3% (+0.2% in September). Month-on-month rate of change In October 2020, the CPI recorded a month-on-month rate of change of +0.1% (+1.0% in the previous month and nil variation in October 2019). Excluding energy and unprocessed food products, the CPI variation was likewise +0.1% (+1.2% in the previous month and nil variation in October 2019). Harmonized Index of Consumer Prices The Harmonised Index of Consumer Prices (HICP) - the most appropriate inflation indicator for comparisons between the different countries of the European Union, and in particular the Euro Area - recorded a year-on-year rate of change in Portugal, in October, of -0.6% (+2.0 p.p. compared to the previous month). According to the information available for October 2020, concerning Eurostat’s estimate, the year-on-year rate of change in the HICP in Portugal was 0.3 p.p. lower than that of the Euro area (in September 2020, the change in the Portuguese HICP had been 0.5 p.p.). More information available at: Consumer price index – October 2020 (11 November 2020) Harmonised Index of Consumer Prices (year-on-year rate of change in the Eurozone Countries) Greece Cyprus Estonia Ireland Italy Portugal Slovenia Spain Germany Latvia Eurozone Luxembourg France Malta Finland Belgium Lithuania Netherlands Slovakia -2.0% -1.8% -1.7% -1.3% -1.0% -0.7% -0.6% -0.6% -0.5% -0.5% -0.4% -0.3% 0.0% 0.2% 0.4% 0.5% 0.6% 1.1% 1.7% -3.0% -2.5% -2.0% -1.5% -1.0% -0.5% 0.0% 0.5% 1.0% 1.5% 2.0%