The CPI annual rate remained stable at 0.8% in July 2015.
The CPI monthly rate was -0.7% (-0.1% in June and -0.7% in July 2014), while the CPI 12-month average rate was 0.1 (nil in the previous month). The CPI 12-month average rate was positive for the first time since May 2014.
In July 2015, the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was
0.7% (0.8% in June), 0.5 percentage points (p.p.) above the rate estimated by Eurostat for the Euro area (in the previous month this difference was 0.6 p.p.).