The Consumer Price Index (CPI) annual rate was 0.0% in October 2019 (-0.1% in September). The annual core inflation rate, which excludes energy and unprocessed food products, was 0.3% (0.2% in the previous month).
The CPI monthly rate was 0.0% (1.1% in the previous month and -0.1% in October 2018), while the CPI 12-month average rate was 0.4% (0.5% in September).
In October 2019, the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate was -0.1% (-0.3% in the previous month). This rate is 0.8 percentage points (p.p.) below the figure estimated by Eurostat for the Euro area (in the previous month, this difference was 1.1 p.p.).