The CPI annual rate moved from 0.3% in May to 0.5% in June 2016, mainly due to the higher contribution of prices of Food and non-alcoholic beverages. The annual core inflation rate, which excludes energy and unprocessed food products components, recorded a 0.7% rate (0.8% in the previous month).
The CPI monthly rate was 0.1% (0.3% in May and -0.1% in June 2015), while the CPI 12-month average was 0.6%.
In June 2016, the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 0.7% (0.4% in the previous month), 0.6 p.p. above the rate estimated by Eurostat for the Euro area (in May this difference was