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CPI annual rate of change increased to 1.1% in August

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The Consumer Price Index (CPI) annual rate increased to 1.1% in August 2017 (0.9% in July), mainly due to the acceleration in prices of Transports. The annual core inflation rate, which excludes energy and unprocessed food products components, was 1.3% (1.0% in the previous month).
The CPI monthly rate was nil (-0.7% in the previous month and -0.2% in August 2016), while the CPI 12-month average rate was 1.1% (the same rate as in the previous month).
In August 2017, the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 1.3% (1.0% in the previous month), 0.2 percentage points (p.p.) below the rate estimated by Eurostat for the Euro area (in July this difference was 0.3 p.p.).

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