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Portugal Consumer Prices Fall In May

Portugal's consumer prices fell in May, data from Statistics Portugal showed on Friday.

The consumer price index declined 0.7 percent year-on-year in May, following a 0.2 percent fall in April.

The core CPI, which excludes energy and unprocessed food products components, fell 0.40 percent in May, following a 0.17 percent decline in the previous month.

On a monthly basis, consumer prices fell 0.40 percent in May, after a 0.32 percent increase in the preceding month.

The EU measure of harmonized index of consumer price, or HICP, decreased 0.6 percent annually in May, following a 0.1 percent fall in the prior month.

On a month-on-month basis, the HICP fell 0.2 percent in May, after a 0.8 percent increase in the preceding month.

Separate data from the statistical office showed that the retail sales declined 21.6 percent annually in April, following a 5.6 percent fall in March. Sales fell for the second straight month.

On a monthly basis, retail sales declined 17.5 percent in April, following a 11.8 percent decrease in the prior month.

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