SYSNTHESIS [email protected], 4-may-2020

www.ine.pt page 06/12 Communication Unit | tel: +351 21 842 61 00 | [email protected] The year-on-year rate of change in the Consumer Price Index (CPI) was 0.0% in April (the same value as in March). The year-on-year rate of change for unprocessed food products rose to 8.4% (5.5 p.p. higher than the previous month) and -9.1% for energy products (-3.7% in March), reflecting reductions in fuel and electricity prices- The core inflation index, which excludes energy and unprocessed food products components, was -0.1% (0.1 percentage points (p.p.) lower than in March). Concerning the monthly variation, the CPI increased by 0.6% (in March, the month-on-month rate of change was 1.4%). Monthly rate (%) Annual rate (%) Mar-20 Apr-20 (e) Mar-20 Apr-20 (e) CPI Total 1,43 0,59 0,05 0,05 All items excluding housing 1,49 0,60 -0,09 -0,09 All items excl. unproc. food and energy 2,07 0,49 0,04 -0,11 Unprocessed food 0,25 5,07 2,94 8,36 Energy -3,39 -4,67 -3,65 -9,07 HICP Total 1,6 1,0 0,1 0,1 (e) estimated values. SYNTH SIS May . 4 . 2020 IN @ COVID-19 CPI annual rate of change estimated at 0.0%, April 2020 Flash estimate Considering the Harmonised Index of Consumer Prices (HICP), the most appropriate inflation indicator for comparisons between the European Union countries, and particularly in the Euro Area, Portugal registered a year-on-year rate of change of 0.1% (the same value as in March). Furter information available at : (As of 30 April 2020) CPI/HICP Flash Estimate

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