In September 2025, Portugal's industrial producer prices experienced a 3.7% year-on-year decline, showing a moderation from the 4.3% decrease observed in August. This deceleration was observed across various sectors: consumer goods saw a price reduction of 3.6% compared to 3.9% in August, intermediate goods prices decreased by 4.6% as opposed to a 4.8% drop previously, and energy costs fell by 6.8%, down from 9.1%. However, the inflation rate for capital goods held steady at 1.9%. On a month-to-month basis, producer prices slipped by 0.3% in September, following a 0.6% decline in August.