The CPI recorded an annual rate of change of -0.1% in February 2014. Excluding energy and unprocessed food, the annual rate was 0.1%. The CPI monthly rate stood at -0.3% (-1.4% in January and -0.1% in February 2013). The CPI 12-month average rate remained at 0.3%, the same rate observed in the previous month.
In February 2014, the Portuguese Harmonised Index of Consumer Prices (HICP) annual inflation rate decreased to
-0.1%, 0.9 percentage points (p.p.) below the rate estimated by Eurostat for the Euro area.