The Consumer Price Index (CPI) annual rate was -0.1% in October 2020 (the same value as in September). The annual core inflation rate, which excludes energy and unprocessed food products, was also -0.1% (-0.2% in the previous month).
The CPI monthly rate was 0.1% (1.0% in the previous month and nil in October 2019), while the CPI 12-month average rate was 0.1% (the same value as in the previous month).
In October 2020, the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate was -0.6% (-0.8% in the previous month). This rate is 0.3 percentage points (p.p.) below the figure estimated by Eurostat for the Euro area (in September this difference was 0.5 p.p.).
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.