Portugal Producer Prices Fall Further
Portugal’s producer prices decreased for the eleventh successive month in March, figures from Statistics Portugal showed on Wednesday.
The producer price index fell 1.4 percent year-on-year in March, though slower than the 2.5 percent decrease in the previous month.
The downward trend was largely driven by a 6.5 percent decline in prices for intermediate goods. Meanwhile, costs for energy goods rose 0.7 percent.
Excluding the energy group, producer prices decreased 1.9 percent annually in March versus a 2.4 percent decline in the prior month.
On a monthly basis, producer prices remained flat in March after a 0.4 percent increase in the prior month.
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