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Economy

Inflation drops in April in year-on-year terms, but accelerates in the monthly variation

Inflation fell again in April in year-on-year terms, to 10.59 percent, but recorded a monthly variation of 0.92 percent, the highest in the last twelve months, according to data from the National Institute of Statistics.

: Lusa
Lusa  

The National Consumer Price Index (IPCN) recorded a variation of 0.92 percent between March and April 2023, making it necessary to go back to May 2022 to find a more pronounced variation (0.93 percent).

As for the consumer classes, Health had the highest price increase (1.91 percent), also highlighting the price increases verified in the Apparel and Footwear classes (1.55 percent), Miscellaneous goods and services (1.45 percent) and Hotels, Cafes and Restaurants with (1.22 percent).

The Food and non-alcoholic beverages class was the one that most contributed to the increase in the general price level with 0.53 percentage points during the month of April, followed by the Miscellaneous goods and services classes, with 0.10 percentage points, Health with 0.07 percentage points and Clothing and footwear with 0.06 percentage points, while the remaining classes had contributions of less than 0.06 points.

The year-on-year variation stood at 10.59 percent, a decrease of 15.20 percentage points compared to that observed in the same period of the previous year.

Comparing the current year-on-year change with that recorded in the previous month, there was a deceleration of 0.22 percentage points, while in monthly terms there was an acceleration of 0.02 points.

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