Summary
The Portuguese Consumer Price Index (CPI) rose 3.1% in September 2008 when compared with September 2007. On a monthly basis, the CPI increased 0.5% (-0.5% and 0.4% respectively in August 2008 and September 2007). The CPI 12-month average rate of change increased from 2.8% in August 2008 to 2.9% in September.
In September, the Portuguese Harmonised Index of Consumer Prices (HICP) increased 3.2% when compared with the same month of the previous year, 0.4 percentage points below the rate estimated by Eurostat for the Euro area.