The CPI annual rate moved from 0.9% in October to 0.6% in November 2016. The annual core inflation rate, which excludes energy and unprocessed food products components, was 0.4% (0.7% in the previous month).
The CPI monthly rate was -0.5% (0.3% in October and -0.2% in November 2015), while the CPI 12-month average was 0.6%.
In November 2016, the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 0.5% (1.1% in the previous month), 0.1 p.p. below the rate estimated by Eurostat for the Euro area (in October the Portuguese HICP annual rate of change was 0.6 p.p. above the rate of the Euro area).