Producer prices in Portugal rose 4.8 percent year-on-year in October of 2018, the same pace as in the previous month. It remained the highest producer inflation rate since September of 2012, as prices advanced further for consumer goods (0.9 percent compared to 0.5 percent in September); capital goods (0.1 percent compared to a flat reading) and energy (15.8 percent compared to 15.7 percent). On the other hand, cost of intermediate goods slowed (4.0 percent compared to 4.5 percent). On a monthly basis, producer prices went up 0.4 percent, following a 0.3 percent gain in the previous month. Producer Prices Change in Portugal averaged 1.42 percent from 2006 until 2018, 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 2.50 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 2.10 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.