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Financial News: Portugal Producer Prices Fall For Sixth Month

Portugal Producer Prices Fall For Sixth Month

12/18/2019 - 06:30:00 (RTTNews)

(RTTNews) - Portugal producer prices fell for the sixth month in a row in November, figures from Statistics Portugal showed on Wednesday.

The producer price index fell 1.9 percent year-on-year in November, following a 2.0 percent decline in October.

Excluding the energy grouping, producer prices decreased 1.1 percent in November, following a 0.8 percent fall in the previous month.

Energy prices declined 4.8 percent annually in November and prices for intermediate goods decreased 3.2 percent. Investment goods prices rose 0.3 percent.

On a monthly basis, producer prices fell 0.5 percent in November, after a 0.1 percent rise in the prior month.

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