Financial News: Portugal Producer Prices Fall Further

Portugal Producer Prices Fall Further

11/20/2023 - 06:44:00 (RTTNews)

(RTTNews) - Portugal's producer prices decreased for the seventh successive month in October, figures from Statistics Portugal showed on Monday.

The producer price index fell 5.0 percent year-on-year in February, slower than the 5.2 percent rise in the previous month.

The downward trend was largely driven by a 14.8 percent decline in prices for energy goods and a 6.0 percent fall in the intermediate goods segment.

Excluding the energy group, producer prices decreased at a stable rate of 1.9 percent in October.

On a monthly basis, producer prices edged down 0.2 percent in October, reversing a 0.2 percent increase in September.

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