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