Summary
The Portuguese Consumer Price Index (CPI) went down to -1.6% in September 2009 when compared with September 2008. Excluding energy and unprocessed food, the annual rate decreased to -0.2%. On a monthly basis, the CPI increased 0.2% ( 0.3% in August 2009 and 0.5% in September 2008). The CPI 12-month average rate of change decreased to -0.3% in September.
In September, the Portuguese Harmonised Index of Consumer Prices (HICP) annual inflation rate was -1.8% (-1.2% in August), 1.5 percentage points (p.p.) below the rate estimated by Eurostat for the Euro area.