The Consumer Price Index (CPI) annual rate was 1.5% in August 2021 (the same value as in July). The annual core inflation rate, which excludes energy and unprocessed food products, was 0.9% (0.8% in the previous month).
The CPI monthly rate was -0.2% (-0.3% in July and in August 2020), while the CPI 12-month average rate was 0.5% (0.4% in the previous month).
In August 2021, the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate was 1.3% (1.1% in the previous month). This rate is 1.7 percentage points (p.p.) below the figure estimated by Eurostat for the Euro area (in July this difference was 1.1 p.p.).