FX.co ★ Portugal Producer Prices Fall for 2nd Month

In February 2025, Portugal experienced a year-on-year decrease in producer prices by 0.4%, following a 0.3% decline recorded in the prior month. This marks the second consecutive month of deflation, attributable to reduced prices in consumer goods, which fell by 3.1% compared to January's 2.8% decrease, and intermediate goods, which dropped by 1.4% versus a 0.6% decline previously. Conversely, energy costs increased at an accelerated rate, rising 5.7% against the previous 4.2% surge. When excluding energy, producer prices in February showed a more pronounced decline of 1.6%, further dropping from January’s 1.2% decrease. On a monthly comparison, producer prices increased by 0.3%, recovering from a revised decline of 1.4% in January.