The CPI annual rate moved from 1.4% in September to 1.0% in October 2018. The annual core inflation rate, which excludes energy and unprocessed food products components, was 0.4% (0.9% in the previous month).
The CPI monthly rate was -0.1% (1.1% in the previous month and 0.3% in October 2017), while the CPI 12-month average rate was 1.1% (1.2% in the previous month). In October 2018, the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 0.8% (1.8% in the previous month), 1.4 percentage points (p.p.) below the rate estimated by Eurostat for the Euro area (in August this difference was 0.3 p.p.).