The Portuguese Consumer Price Index (CPI) rose 2.8% in May 2008 when compared with May 2007. On a monthly basis, the CPI increased 0.4%. The CPI 12-month average rate of change remained unchanged at 2.6% in May 2008.
In May, the Portuguese Harmonised Index of Consumer Prices (HICP) increased 2.8% when compared with the same month of the previous year, 0.8 percentage points below the rate estimated by Eurostat for the Euro area, the same difference as in April.