SYNTHESIS INE@COVID-19, 21 Oct -2020

October . 21 . 2020 SYNTH SIS IN @ COVID-19 www.ine.pt page 5/11 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt More information available at: Consumer Price Index – September 2020 (13 de outubro) Harmonised Index of Consumer Prices (year-on-year rate of change in the Eurozone Countries) -2.3% -1.9% -1.3% -1.1% -0.9% -0.8% -0.7% -0.6% -0.4% -0.4% -0.3% -0.3% 0.0% 0.5% 0.5% 0.5% 0.6% 1.0% 1.5% -3.0% -2.5% -2.0% -1.5% -1.0% -0.5% 0.0% 0.5% 1.0% 1.5% 2.0% Greece Cyprus Estonia Ireland Italy Portugal Slovenia Spain Germany Latvia Eurozone Luxembourg France Malta Finland Belgium Lithuania Netherlands Slovakia 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 August, of -0.8% (-0.2% in August). According to the information available for September 2020, concerning Eurostat’s estimate, the year-on-year rate of change in the HICP in Portugal was 0.5 percentage points lower than that of the Euro area (in August 2020, the change in the Portuguese HICP had been the same as that of the Euro area). Tourist activity kept recovering in August, but still registering decreases of over 40% in guests and overnight stays In August 2020, the tourist accommodation sector registered 1.9 million guests and 5.1 million overnight stays, corresponding to year-on-year rates of change of -43.2% and -47.1% respectively (-63.8% and -67.8% in July, in the same order). Overnight stays of residents declined by 2.1% (-29.4% in July) and those of non-residents decreased by 72.0% (-84.7% in July). By type of accommodation, the reductions in overnight stays in August, in year-on-year terms, were as follows: • Hotels: 48.9% (78.3% of the total overnight stays); • Local accommodation establishments: 46.6% (14.9% of the total overnight stays); • Rural/lodging establishments: 13.9% (6.8% of the total overnight stays). In Hostels , the reduction was 57.4% in August 2020. In the first eight months of 2020, the total number of overnight stay declined by 62.5%, as a result of rates of change of -37.1% of residents and -73.6% of non-residents.