Press Releases


Consumer price index
The CPI annual average rate of change was -0.3% in 2014 and the rate of change on a year earlier was -0.4% in December - December 2014
13 January 2015


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

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