Summary
The CPI recorded an annual rate of change of 4.2% in October 2011 (3.6% in September). Excluding energy and unprocessed food, the annual rate was 2.5% (the same rate of the previous month). The CPI monthly rate of change was 1.1% (0.8% in September and 0.4% in October 2010). The CPI 12-month average rate was 3.4% in October (3.3% in September).
In October 2011, the Portuguese Harmonised Index of Consumer Prices (HICP) annual inflation rate increased to 4.0%, 1.0 percentage points (p.p.) above the rate estimated by Eurostat for the Euro area.