The Consumer Price Index (CPI) annual rate was 0.3% in January 2021 (-0.2% in December 2020). The annual core inflation rate, which excludes energy and unprocessed food products, was 0.6% (-0.1% in the previous month).
The CPI monthly rate was -0.3% (-0.1% in the previous month and -0.8% in January 2020), while the CPI 12-month average rate was -0.1% (nil in the previous month).
In January 2021, the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate was 0.2% (-0.3% in the previous month). This rate is 0.7 percentage points (p.p.) below the figure estimated by Eurostat for the Euro area (in December the Portuguese HICP annual rate was equal to the Euro area).
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.