The CPI annual rate moved from 1.6% in July to 1.2% in August 2018. The annual core inflation rate, which excludes energy and unprocessed food products components, was 0.6% (1.0% in the previous month).
The CPI monthly rate was -0.3% (-0.6% in the previous month and nil in August 2017), while the CPI 12-month average rate was 1.2% (1.1% in the previous month).
In August 2018, the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 1.3% (2.2% in the previous month), 0.7 p.p. below the rate estimated by Eurostat for the Euro area (in July the Portuguese rate was 0.1 p.p. above the Euro area rate).