SYNTHESIS INE@COVID-19, 16-jun-2020

June . 16 . 2020 page 10/11 Communication Unit | tel: +351 21 842 61 00 | sci@ine.pt www.ine.pt SYNTH SIS IN @ COVID-19 The CPI year-on-year rate of change in May was -0.7% The Consumer Price Index (CPI) year-on-year rate of change was -0.7% in May 2020 (-0.2% in April). The Unprocessed food aggregate recorded a year-on-year rate of change of 5.0% in May (6.5% in April) while Energy presented a year-on-year rate of change of -10.9% (-9.4% in the previous month). The annual core inflation rate, which excludes energy and unprocessed food products, was -0.4% (-0.2% in April). Consumer price and core inflation indices (year-on-year rate of change and 12-month moving average) -1.0% -0.5% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% Apr-16 Jul-16 Oct-16 Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 Apr-18 Jul-18 Oct-18 Jan-19 Apr-19 Jul-19 Oct-19 Jan-20 Apr-20 CPI (12-month moving average) CPI (year-on-year rate of change) Core Inflation (year-on-year rate of change) Compared with the previous month, the year-on-year rates of change of the following divisions should be highlighted: • Food and non-alcoholic beverages : +2.2% (+3.8% in April); • Transports : -4.2% (-3.3% inApril); • Furnishings, household equipment, and routine household maintenance : -1.1% (-0.3% in April). In the opposite direction, the increase in the year-on-year rate of change of the Communications division should be noted: -1.3% in May; -4.3% in April. Month-on-month rate of change In May 2020, the CPI month-on-month rate of change was -0.4% (0.3% in the previous month and 0.1% in May 2019). Excluding unprocessed food and energy products, the month-on-month rate of change in the CPI was -0.4% (0.4% in the previous month and -0.1% in May 2019).