The CPI annual rate moved from 0.5% in June to 0.6% in July 2016. The annual core inflation rate, which excludes energy and unprocessed food products components, was 0.8% (0.7% in the previous month).
The CPI monthly rate was -0.7% (0.1% in June and -0.7% in July 2015), while the CPI 12-month average was 0.6%.
In July 2016, the Portuguese Harmonised Index of Consumer Prices (HICP) annual rate of change was 0.7% (the same value as in the previous month), 0.5 p.p. above the rate estimated by Eurostat for the Euro area (in June this difference was 0.6 p.p.).