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Consumer prices up 0.1% in January on a year earlier
Consumer price index
Consumer prices up 0.1% in January on a year earlier - January 2014
12 February 2014


The CPI recorded an annual rate of change of 0.1% in January 2014. Excluding energy and unprocessed food, the annual rate was also 0.1%. On a monthly basis, the CPI decreased to -1.4% (0.4% in December and -1.2% in January 2013). The CPI 12-month average rate remained at 0.3%, the same rate observed in the previous month.
In January 2014, the Portuguese Harmonised Index of Consumer Prices (HICP) annual inflation rate decreased to 0.1%, 0.6 percentage points (p.p.) below the rate estimated by Eurostat for the Euro area.
A long time series of the Portuguese CPI for the period 1948 to 2013 becomes available with this publication, consistent with the newest base of the index (2012=100), including detailed information at sublevels of the CPI. This new series reveals three main distinct phases in consumer prices behaviour in the Portuguese economy in the past 65 years – very moderate growth until 1970s, significant growth until the beginning of 1990s and the return to a moderate growth afterwards.

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