Industrial prices decreased by 1% in March in relation to the same month of 2022, a rate nine points lower than that registered in February, as reported on Tuesday by the National Institute of Statistics (INE).

With the year-on-year drop in March, inflation in the industrial sector put an end to 26 consecutive months of positive rates, a period in which it recorded double-digit rates for more than 20 months.

The decrease in the interannual rate of industrial prices is due to the drop experienced by energy, which cut its rate by almost 21 points, to -15.9%, due to cheaper electricity production.