Portugal Producer Prices Continue To Fall

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Portugal’s producer prices fall further in September, though at a softer pace, figures from Statistics Portugal showed on Tuesday.

The producer price index decreased 4.6 percent year-on-year in September, following a 5.0 percent decline in August.

Excluding the energy group, producer prices fell 1.3 percent in September, following a 1.5 percent decrease in the previous month.

Prices for energy declined 17.6 percent annually in September and those of intermediate goods decreased 2.7 percent.

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Meanwhile, prices for investment goods rose 0.2 percent.

On a month-on-month basis, producer prices increased 0.1 percent in September, reversing a 0.1 percent fall in the prior month.

In the third quarter, producer prices declined 5.0 percent yearly, following a 5.9 percent fall in the previous quarter.

The material has been provided by InstaForex Company — www.instaforex.com

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