Portugal: Negative inflation in April

  • Lusa
  • 20 May 2020

According to Eurostat, Portugal had a negative inflation rate in April, in the month in which the containment measures were in full force.

Portugal and 12 other Member States had negative inflation rates in April, according to Eurostat.

In the eurozone, the annual inflation rate was 0.3% in April, the month in which the containment measures were in full force, compared to 1.7% in March when the economy began to be affected by the pandemic.

In the EU, annual inflation fell to 0.7% from 1.9% in April 2019 and 1.2% in March, according to the European statistical office.

A total of 13 member states, including Portugal, with a rate of -0.1% (compared to 0.9% last April and 0.1% in March) showed negative annual inflation rates.

The lowest inflation rates were registered in Slovenia (-1.3%), Cyprus (-1.2%), Estonia and Greece (-0.9% each) and the highest in the Czech Republic (3.3%), Poland (2.9%) and Hungary (2.5%).

Compared to March, annual inflation fell in 26 Member States and remained stable in one.

In April, the largest contributions to the annual inflation rate in the euro area came from the food, alcohol and tobacco sector (0.67 percentage points), followed by services (0.52 points), non-energy industrial goods (0.09 points) and energy (-0.97 points).