Portuguese Producer Prices Fall For Fifth Month

Portugal’s producer prices decreased for the fifth consecutive month in December, data released by Statistics Portugal revealed Monday.

The producer price index edged down 0.1 percent in December from the corresponding month of last year, after falling 1.3 percent in November. Prices have now fallen for the fifth consecutive month.

Prices in the manufacturing sector dropped 0.8 percent annually, and mining prices decreased 0.5 percent.

With industrial sub-sectors, consumer goods prices decreased 0.3 percent, and prices of intermediate goods fell by 2 percent.

Meanwhile, prices of energy products and investment goods increased 1.3 percent and 2.4 percent respectively from December 2012.

On a monthly basis, producer prices moved up 0.4 percent in December, reversing November’s 0.7 percent decrease, data showed.

The material has been provided by InstaForex Company – www.instaforex.com

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