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Financial News: Portugal Producer Prices Fall Further In July

Portugal Producer Prices Fall Further In July

08/19/2020 - 07:14:00 (RTTNews)

(RTTNews) - Portugal's producer prices continued to decline in July, though at a softer pace, figures from Statistics Portugal showed on Wednesday.

The producer price index decreased 5.5 percent year-on-year in July, following a 5.7 percent decline in June.

Excluding the energy group, producer prices rose 1.6 percent in July, after a 1.8 percent decrease in the previous month.

Prices for energy declined 20.0 percent annually in July and those of intermediate goods decreased 3.9 percent.

Meanwhile, prices for investment goods rose by 0.1 percent.

On a month-on-month basis, producer prices increased 0.2 percent in July, after a 0.6 percent rise in the prior month.

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