SYNTHESIS INE@COVID-19, 8-Sept -2020

www.ine.pt page 2/10 September . 08. 2020 SYNTH SIS IN @ COVID-19 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt More information available at: CPI/HICP Flash Estimate (31 August 2020) Considering the Harmonised Index of Consumer Prices (HICP), the most appropriate inflation indicator for comparisons between the different European Union countries, and particularly in the Euro Area, Portugal will have recorded a year-on-year rate of change of -0.2% in August (-0.1% in July). Tourist activity keeps recovery in July, mostly due to the residents According to the flash estimate, in July 2020, the tourist accommodation sector should have registered 1.0 million guests and 2.6 million overnight stays, corresponding to year-on-year rates of change of -64.0% and -68.0%, respectively (-82.0% and -85.2% in June, in the same order). In July, in year-on-year terms: • Overnight stays of residents would have been 1.7 million, -31.3% (-59.7% in June); • Overnight stays of non-residents would have been 906.6 thousand, -84.2% (-96.2% in June); • Resident guests would have been 719.3 thousand, -32.7% (-60.3% in June); • Non-resident guests would have been 305.8 thousand, -82.8% (-95.6% in June). Monthly rate (%) 1 Annual rate (%) 1 Jul-20 Aug-20 * Jul-20 Aug-20 * CPI Total -1.29 -0.24 0.14 0.02 All items excluding housing -1.36 -0.26 0.05 -0.08 All items excl. unproc. food and energy -1.65 -0.26 0.08 -0.04 Unprocessed food -0.54 -0.26 4.8 4.22 Energy poducts 1.66 -0.04 -5.28 -4.96 HIPC Total -2.0 -0.2 -0.1 -0.2 * Estimated values 1 Values ​rounded to two and one decimal place.