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Portugal’s Producer Price Inflation Slows Further In November
(RTTNews) - Monday, a report by Statistics Portugal said producer prices rose 2.4% year-on-year in November, at a much slower pace than the 5.5% rise in October.
Manufacturing prices rose 1.1%, at a slower pace than the 5.3% rise in October. Mining and quarrying prices increased 1.1%, at the same pace as in the previous month. Prices of utilities were up 6.6%, again at the same pace as in the previous month.
Month-on-month, producer prices fell 1.9% in November compared with a 1.2% fall in October. This was the fourth consecutive month that prices fell.
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Posted in Categories: Economy, Eurozone, Releases.
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