The CPI recorded an annual rate of change of -0.4% in September 2014 (the same rate observed in the previous month). Excluding energy and unprocessed food, the annual rate moved from 0.4% in August to 0.1% in September. The CPI monthly rate increased to 0.6% (-0.2% in August 2014 and 0.6 in September 2013), while the CPI 12-month average rate was -0.3% in September.
In September 2014, the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 0.0% (-0.1% in August), 0.3 percentage points (p.p.) below the rate estimated by Eurostat for the Euro area.