The year-on-year variation of the Consumer Price Index (CPI) was 2.4% in September, a decrease of 0.4 percentage points (p.p.) from the previous month, announced the National Institute of Statistics (INE) this Friday.
The core inflation indicator (total index excluding unprocessed food and energy products) recorded a variation of 2.0% (2.4% in August).
The variation of the index related to energy products increased to 0.3% (-0.2% in the previous month), while the index concerning unprocessed food products remained at 7.0%, after seven consecutive months of increases.
The monthly variation of the CPI was 0.9% (-0.2% in the preceding month and 1.3% in September 2024). The average variation over the last twelve months was 2.4% (the same value as the previous month).
The Portuguese Harmonised Index of Consumer Prices (HICP) showed a year-on-year variation of 1.9% (2.5% in the previous month), 0.3 p.p. lower than the value estimated by Eurostat for the Euro area (in August, the year-on-year variation rate of the Portuguese HICP was 0.5 p.p. higher than that of the Euro area).
Excluding unprocessed food and energy products, the HICP in Portugal reached a year-on-year variation of 1.6% in September (2.3% in August), a rate lower than that of the Euro area (estimated at 2.4%).
The HICP registered a monthly variation of 1.0% (-0.1% in the previous month and 1.6% in September 2024) and a twelve-month average variation of 2.4% (the same value as the preceding month).
