FX.co ★ Portugal Producer Prices Fall the Most Since 2023

In April 2025, Portugal experienced a significant 2.7% year-on-year decline in producer prices, the most substantial drop since December 2023, following a downward revision of a 1.3% decrease in March. This decline was primarily attributed to reduced prices in several sectors: non-durable consumer goods saw a decline of 4.1% compared to 3% previously, intermediate goods fell by 2% compared to 1.2%, and energy prices decreased sharply by 5.6% compared to 1.2%. However, prices continued to rise for certain categories: durable consumer goods saw an increase of 3.1% against the previous 3.5%, and investment goods went up by 0.7% compared to 1%. On a month-to-month basis, producer prices experienced a 1.4% drop, marking the steepest decline since April 2020, following a revised 1.2% decrease in March. Notably, energy prices fell sharply by 6.6% from the prior month.