SYNTHESIS INE@COVID-19, 21 Oct -2020

October . 21 . 2020 SYNTH SIS IN @ COVID-19 www.ine.pt page 4/11 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt The CPI year-on-year rate of change declined to -0.1% in September In September, the Consumer Price Index (CPI) year-on-year rate of change was -0.1% (it was nil in August). The unprocessed food aggregate recorded an annual rate of change of +4.2% in September (the same as in August) while energy presented an annual rate of change of -5.6% (-4.9% in August). The annual core inflation rate of change (total index excluding energy and unprocessed food products) was -0.2% (-0.1% in August). The increases in the year-on-year rates of change of the following aggregates stand out in comparison with the previous month: • Leisure, recreation and culture : +0.2% (-3.1% in August); • Accessories, household equipment and maintenance : -0.4% (-0.8% in August). • Health : +1.3% (0.9% in August) Conversely, the decrease in the year-on-year rate of change of the following aggregates should be highlighted: • Clothing and footwear : -2.4% (+0.3% in August); • Restaurants and hotels : -0.7% (+1.7% in July); Month-on-month rate of change In September 2020, the CPI recorded a month-on-month rate of change of +1.0% (-0.3% in the previous month and +1.1% in September 2019). Excluding unprocessed food and energy products, the CPI variation was +1.2% (-0.3% in the previous month and +1.3% in September 2019). Consumer price and core inflation indices (year-on-year rate of change and 12-month moving average) Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 0.09% -0.14% -0.20% -1.0% -0.5% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% CPI (12-month moving average) CPI (year-on-year rate of change) Core Inflation (year-on-year rate of change)