SYNTHESIS INE@COVID-19, 14 July 2020

July . 14 . 2020 page 8/13 Communication Unit | tel: +351 21 842 61 00 | sci@ine.pt www.ine.pt SYNTH SIS IN @ COVID-19 In comparison with the previous month, the increases in the year-on-year rates of change of the following aggregates are particularly noteworthy: • Transports : -2.0% (-4.2% in May); • Clothing and footwear: -5.4% (-7.3% in May). In the opposite direction, the year-on-year rate of change of Housing, water, electricity, gas , and other fuels class has decreased: -0.9% (-0.8% in May). Month-on-month rate of change In June 2020, the CPI recorded a monthly rate of change of +0.9% (-0.4% in the previous month and a nil variation in June 2019). Excluding unprocessed food and energy products, the CPI rate of change was +0.8% (-0.4% in the previous month, and 0.2% in June 2019). Harmonized Consumer Price Index In June, the Harmonised Index of Consumer Prices (HICP) – the most appropriate inflation indicator for comparisons between the different countries of the European Union, and particularly in the Euro Area – recorded a year-on-year rate of change in Portugal of +0.2% (-0.6% in May). According to data available for June 2020, taking as a reference Eurostat’s flash estimate, the year-on-year rate of change of the HICP in Portugal was 0.1 percentage points (p.p.) lower than in the Euro area (+0.7 p.p. in May). Harmonised Index of Consumer Prices (year-on-year rate of change in the Euro Area Countries) 1.9% 1.7% 1.0% 0.8% 0.8% 0.3% 0.2% 0.2% 0.2% 0.1% -0.3% -0.4% -0.4% -0.7% -0.8% -1.1% -1.7% -1.7% -2.0% -1.5% -1.0% -0.5% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% Slovakia Netherlands Malta Germany France Lithuania Euro Area Italy Belgium Finland Portugal Greece Latvia Ireland Spain Cyprus Slovenia Luxembourg More information available at: Consumer price index – June 2020 (10 July 2020)