Portugal: August annual inflation rate zero
The Consumer Price Index (CPI) in Portugal is estimated to have been zero in August 2020, 0.1 percentage points lower than in July.
The year-on-year rate of change in the Consumer Price Index (CPI) in Portugal is estimated to have been zero in August 2020, 0.1 percentage points lower than in July, according to the quick estimate released today by Statistics Portugal (INE).
According to the INE, the underlying inflation indicator (total index excluding unprocessed food and energy products) is also estimated to have recorded no change, compared to 0.1% in the previous month.
The year-on-year rate of change in the energy products index was -5.0% (-5.3% in July).
In relation to the previous month, the CPI had a variation of -0.2% (in July, the monthly variation was -1.3% and in August 2019 it had been -0.1%), signals the INE.
An average variation in the last 12 months is estimated at 0.1%, the same value as in the previous month, it adds.
The Harmonized Consumer Price Index (HICP) registered a year-on-year variation of -0.2% (-0.1 percentage points in the previous month).
The final CPI data for July will be published on September 10th.
