The Consumer Price Index (CPI) annual rate was -0.2% in November 2020 (-0.1% in October). The annual core inflation rate, which excludes energy and unprocessed food products, was also -0.2% (-0.1% in the previous month).
The CPI monthly rate was -0.3% (0.1% in the previous month and -0.1% in November 2019), while the CPI 12-month average rate was nil (0.1% in the previous month).
In November 2020, the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate was -0.4% (-0.6% in the previous month). This rate is 0.1 percentage points (p.p.) below the figure estimated by Eurostat for the Euro area (in October this difference was 0.3p.p.).

Despite the circumstances determined by the pandemic COVID-19, Statistics Portugal calls for the best collaboration by companies, families and public entities in responding to Statistics Portugal’s data requests. The quality of official statistics, particularly its ability to identify the impacts of the pandemic COVID-19, crucially depends on this collaboration, which Statistics Portugal thanks in advance.