The Consumer Price Index (CPI) annual rate moved from 0.7% in December 2018 to 0.5% in January 2019. The annual core inflation rate, which excludes energy and unprocessed food products components, was 0.8% (0.6% in the previous month).
The CPI monthly rate was -1.2% (-0.2% in the previous month and -1.0% in January 2018), while the CPI 12-month average rate was 0.9% (1.0% in the previous month).
In January 2019, the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 0.6% (the same value as in the previous month), 0.8 percentage points (p.p.) below the rate estimated by Eurostat for the Euro area (in December this difference was 1.0 p.p.).