Summary
In January 2013 the Portuguese Consumer Prices Index (CPI) slowed down. The CPI 12-month average rate of change decreased to 2.5% in January, from 2.8% in December. The core inflation index, which excludes unprocessed food and energy, stood at 1.3% (1.5% in December).
The HICP 12-month average rate decreased to 2.5% (2.8% in the previous month). In December 2012 the gap between the Portuguese and the Euro-area HICP 12-month average rate was 0.3 p.p.. In January, with reference to Eurostat's flash estimate for the whole area , it is estimated to have decreased to 0.1 percentage points.