The Consumer Price Index (CPI) annual rate was nil in August 2020 (0.1% in July). The annual core inflation rate, which excludes energy and unprocessed food products, was -0.1% (0.1% in the previous month).
The CPI monthly rate was -0.3% (-1.3% in the previous month and -0.1% in August 2019), while the CPI 12-month average rate was 0.1% (the same value as in the previous month).
In August 2020, the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate was -0.2% (-0.1% in the previous month). This rate is the same as the figure estimated by Eurostat for the Euro area (in July, the Portuguese HICP annual rate was 0.5 percentage points (p.p.) lower than the Euro area rate).
Despite the circumstances determined by the pandemic COVID-19, Statistics Portugal calls for the best collaboration by companies, families and public entities in responding to Statistics Portugal’s data requests. The quality of official statistics, particularly its ability to identify the impacts of the pandemic COVID-19, crucially depends on this collaboration, which Statistics Portugal thanks in advance.