The Consumer Price Index (CPI) annual rate was 1.5% in September 2021 (the same value as in August). The annual core inflation rate, which excludes energy and unprocessed food products, was 0.9% (the same value as in the previous month). 

The CPI monthly rate was 0.9% (-0.2% in August and 1.0% in September 2020), while the CPI 12-month average rate was 0.6% (0.5% in the previous month). 

In September 2021, the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate was 1.3% (the same value as in the previous month). This rate is 2.1 percentage points (p.p.) below the figure estimated by Eurostat for the Euro area (in August this difference was 1.7 p.p.).