Consumer prices in Portugal fell 0.5% year-on-year in April, after a 0.4% drop in the previous month, the Statistics Portugal said Wednesday. This was the second consecutive month that consumer prices declined, after registering a fall for the first time since the 1960s in March.

Month-on-month, consumer prices were up 0.2% in April, slower than a 0.8% increase in March.

Meanwhile, the harmonized index of consumer prices fell 0.6% year-on-year in April, at the same pace as in March. On a monthly basis, the HICP increased 0.4% in April.

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