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CPI annual rate of change increased to 0.5%
Consumer price index
CPI annual rate of change increased to 0.5% - February 2021
10 March 2021


The Consumer Price Index (CPI) annual rate was 0.5% in February 2021 (0.3% in January 2021). The annual core inflation rate, which excludes energy and unprocessed food products, was 0.7% (0.6% in the previous month).
The CPI monthly rate was -0.5% (-0.3% in the previous month and -0.6% in February 2020), while the CPI 12-month average rate was nil (-0.1% in the previous month).
In February 2021, the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate was 0.3% (0.2% in the previous month). This rate is 0.6 percentage points (p.p.) below the figure estimated by Eurostat for the Euro area (in January, that difference was 0.7 p.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.

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