The Consumer Price Index (CPI) annual rate moved from 1.0% in October to 0.9% in November 2018. The annual core inflation rate, which excludes energy and unprocessed food products components, was 0.5% (0.4% in the previous month).
The CPI monthly rate was -0.4% (-0.1% in the previous month and -0.3% in November 2017), while the CPI 12-month average rate was 1.1% (the same value as in the previous month).
In November 2018, the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 0.9% (0.8% in the previous month), 1.1 percentage points (p.p.) below the rate estimated by Eurostat for the Euro area (in October this difference was 1.4 p.p.).