Producer prices in Portugal increased 1.2 percent year-on-year in January of 2019, easing from a 2.7 percent rise in the previous month. It is the lowest producer inflation since March 2018, as prices slowed sharply for energy (1 percent from 6.3 percent in December); consumer goods (0.4 percent from 0.6 percent), namely nondurable consumer (0.4 percent from 0.6 percent) and intermediate goods (2.4 percent from 3.7 percent). On the other hand, cost rose faster for durable consumer goods (1 percent from 0.8 percent) and investment goods (0.5 percent from 0.1 percent). On a monthly basis, producer prices went down 0.4 percent, following a 1 percent drop in December. Producer Prices Change in Portugal averaged 1.45 percent from 2006 until 2019, reaching an all time high of 7.80 percent in February of 2011 and a record low of -7.30 percent in July of 2009.
Producer Prices Change in Portugal is expected to be 2.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Portugal to stand at 2.20 in 12 months time. In the long-term, the Portugal Producer Prices Change is projected to trend around 2.40 percent in 2020, according to our econometric models.