The CPI annual rate moved from 0.6% in September to 0.9% in October 2016. The annual core inflation rate, which excludes energy and unprocessed food products components, was 0.7% (0.5% in the previous month).
The CPI monthly rate was 0.3% (0.7% in September and 0.1% in October 2015), while the CPI 12-month average was 0.6%.
In October 2016, the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 1.1% (0.7% in the previous month), 0.6 p.p. above the rate estimated by Eurostat for the Euro area (in September this difference was 0.3 p.p.).