SYN THESISINE@COVID-19, 23-Dec-2021

December . 23 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 6/20 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt The CPI year-on-year rate of change increases to 2.6% Consumer price index In November 2021, the Consumer Price Index (CPI) registered the following year-on-year rates of change: Consumer price and core inflation indices (year-on-year rate of change and 12-month moving average) In November 2021, the CPI also registered the following rates of change: • Month-on-month: 0.4% (0.5% in the previous month and -0.3% in November 2020); • Month-on-month, excluding unprocessed food and energy products: 0.3% (identical value in the previous month and -0.3% in November 2020); • Average of the last twelve months: 1.0% (0.8% in the previous month). Harmonised Index of Consumer Prices The Harmonised Index of Consumer Prices (HICP) registered the following rates of change in Portugal, in October 2021: Harmonised Index of Consumer Prices (year-on-year rate of change in the Eurozone Countries, November 2021) More information is available at: Consumer price index – November 2021 (14 December 2021) • Total CPI: 2.6% (1.8% in the previous month); • Core inflation index (total index excluding unprocessed food products and energy): 1.7% (1.1% in October); • Energy products index: 14.1% (13.4% in the previous month); • Unprocessed food products index: 0.8% (-0.7% in October). • Year-on-year: 2.6% (2.3 p.p. less than the value estimated by Eurostat for the Euro Area); • Month-on-month: 0.3% (0.4% in the previous month and -0.5% in November 2020); • Average of the last twelve months: 0.7% (0.4% in the previous month). 1.02% 2.58% 1.70% -1.0% -0.5% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% Nov-17 Feb-18 May-18 Aug-18 Nov-18 Feb-19 May-19 Aug-19 Nov-19 Feb-20 May-20 Aug-20 Nov-20 Feb-21 May-21 Aug-21 Nov-21 CPI (12-month moving average) CPI (year-on-year rate of change) Core Infla ti on (year-on-year rate of change) 2.3% 2.6% 3.4% 3.4% 4.0% 4.1% 4.3% 4.7% 4.9% 4.9% 4.9% 5.4% 5.4% 5.6% 6.0% 6.3% 7.1% 7.4% 8.4% 9.3% -1.0% 1.0% 3.0% 5.0% 7.0% 9.0% 11.0% Malta Portugal Finland France Italy Austria Greece Cyprus Euro area Slovenia Slovakia Netherlands Ireland Spain Germany Luxembourg Belgium Latvia Estonia Lithuania