The CPI recorded an annual rate of change of 0.0% in October 2014 (-0.4% in the previous month). Excluding energy and unprocessed food, the annual rate moved from 0.1% in September to 0.2% in October. The CPI monthly rate decreased to 0.3% (0.6% in September 2014 and 0.0 in October 2013), while the CPI 12-month average rate was -0.2% in October.
In October 2014, the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 0.1% (0.0% in September), 0.3 percentage points (p.p.) below the rate estimated by Eurostat for the Euro area.