FX.co ★ Portugal Producer Prices Fall Most in 5 Months

Portugal’s producer prices fell 3.5% year-on-year in February 2026, following a 2.1% decline in January. This marked the sharpest drop since September 2025, largely driven by a much steeper fall in energy prices (-18.8% vs -8.3% in January). Prices for consumer goods (-0.5% vs -1.1%) and intermediate goods (-0.8% vs -1.6%) also decreased, though at a more moderate rate, while price growth for investment goods slowed slightly (1.6% vs 1.7%). On a monthly basis, the producer price index (PPI) fell 1.1%, extending the 0.1% decline recorded in January.