Financial News: Portugal Producer Price Inflation Rises To 1.1%

Portugal Producer Price Inflation Rises To 1.1%

12/18/2024 - 07:44:00 (RTTNews)

(RTTNews) - Portugal's producer price inflation rose to the highest level in three months in November, figures from Statistics Portugal showed on Wednesday.

The producer price index climbed 1.1 percent year-on-year in November, following a 0.1 percent slight rise in October.

The price growth in November was largely influenced by a 4.7 percent renewed rise in energy prices. Prices for capital goods increased at a faster pace of 1.0 percent. Meanwhile, costs for intermediate goods grew at a weaker pace of 0.6 percent.

Excluding the energy group, producer price inflation eased to 0.4 percent from 1.1 percent in the prior month.

On a monthly basis, producer prices moved up 0.3 percent in November, reversing a 0.7 percent gain in October.

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