The Consumer Price Index (CPI) annual rate was 0.4% in February 2020 (0.8% in January). The annual core inflation rate, which excludes energy and unprocessed food products, was 0.1% (0.4% in the previous month).
The CPI monthly rate was -0.6% (-0.8% in the previous month and -0.2% in February 2019), while the CPI 12-month average rate was 0.3% (0.4% in January).
In February 2020, the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate was 0.5% (0.8% in the previous month). This rate is 0.7 percentage points (p.p.) below the figure estimated by Eurostat for the Euro area (in the previous month, this difference was 0.6 p.p.).