Producer prices in Portugal fell 6.7 percent year-on-year in May of 2020, following a 5.5 percent drop in April and marking the 11th straight month of producer deflation. Energy prices plunged 25.1 percent and those for intermediate goods decreased 3.8 percent while cost of consumption goods was flat and prices of investment goods edged up 0.1 percent. On a monthly basis, producer prices declined 1 percent, after a 2.8 percent fall in April.
Producer Prices Change in Portugal averaged 2.14 percent from 1991 until 2020, reaching an all time high of 18.40 percent in February of 2000 and a record low of -7.40 percent in January of 1999. This page provides - Portugal Producer Prices Change- actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Statistics Portugal
Producer Prices Change in Portugal is expected to be 0.90 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 1.40 in 12 months time. In the long-term, the Portugal Producer Prices Change is projected to trend around 1.60 percent in 2021, according to our econometric models.