Further deflation within the country's housing market pulled down the rate of inflation for the fourth consecutive month last month.
The inflation rate rose 1.1 per cent compared to the same month last year, data from the National Bureau of Statistics showed today. The rate of increase slowed from a 1.2 per cent rise in March.
Heaping downward pressure on the index was the housing and utility component, which dropped 1.4 per cent on an annual basis. Housing and utility costs are the biggest contributors to the index.
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