The Consumer Price Index (CPI) rose by 0.3% in April compared to March and entered negative territory for the first time since August 2016, down by seven tenths to -0.7%. That also represents its lowest rate since June of the same year, according to the National Institute of Statistics (INE), which published the data on Thursday.
This latest decrease means that year-on-year CPI has fallen for three months in a row. The INE blames the reduction on the lower price of fuel, and a decrease in the price of electricity and diesel for heating.
