Summary
The average rate of change of the Portuguese Consumer Price Index (CPI) was 3.7% in 2011 (1.4% in 2010).
The CPI recorded an annual rate of change of 3.6% in December 2011. Excluding energy and unprocessed food, the annual rate was 2.3%. The CPI monthly rate of change was 0.0% (-0.1% in November and 0.3% in December 2010).
In 2011, the Portuguese Harmonised Index of Consumer Prices (HICP) increased 3.6% comparing with 2010. In December, the HICP annual inflation rate decreased to 3.5%, 0.7 percentage points (p.p.) above the rate estimated by Eurostat for the Euro area (0.8 p.p. in November).