Producer prices in Portugal decreased 0.4 percent year-on-year in July 2019, following a 0.2 percent fall in the previous month. It is the second consecutive month of drop, as cost declined for energy (-1.8 percent vs -2.2 percent in June) and intermediate goods (-0.7 percent vs 0.1 percent). Also, prices slowed for capital goods (0.6 percent vs 0.9 percent) while advanced at the same pace for consumer goods (at 0.5 percent). On a monthly basis, producer prices were flat, after falling 0.5 percent in the prior month. Producer Prices Change in Portugal averaged 1.55 percent from 2006 until 2019, reaching an all time high of 7.80 percent in July of 2008 and a record low of -6.70 percent in July of 2009.
Producer Prices Change in Portugal is expected to be 2.10 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 1.70 in 12 months time. In the long-term, the Portugal Producer Prices Change is projected to trend around 2.00 percent in 2020, according to our econometric models.