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2025-09-18 19:18:35
Portugal's August Producer Price Decline Reaches Nearly Two-Year High. (1) Portugal's producer prices fell 4.3% year-on-year in August, the largest drop since November 2023, following a 3.7% decline in July. This was primarily driven by falling prices for chemical pulp, paper, and paperboard products, and electricity. (2) Looking at the breakdown by item, intermediate goods prices fell 4.9% (-3.9% in the previous month), energy fell 9.1% (-7.5% in the previous month), and non-durable consumer goods fell 4.4% (-4.3% in the previous month). Excluding energy, factory-gate prices for industrial products fell 3.3% year-on-year (-2.9% in the previous month). (3) In contrast, investment goods prices rose 1.9% (1.8% in the previous month), and durable goods rose 1.8% (unchanged from the previous month). Month-on-month, the PPI fell 0.6% in August, the first decline in nearly three months.
