FX.co ★ Portugal Producer Prices Fall for 12th Month

In December 2025, Portugal experienced a 3.2% year-on-year decline in producer prices, continuing the trend of deflation in this sector for the twelfth month in a row. This decrease was slightly less pronounced than November's 3.4% drop. Notably, the reduction in costs slowed for energy, which fell by 8.4% compared to November's 9.4% decline; for intermediate goods, which decreased by 3.3% following a 3.5% drop; and for non-durable consumer goods, with prices down 3.0% against the previous 3.1% reduction. In contrast, prices for consumer durables accelerated, rising by 2.2% compared to 2.1% in November, while inflation for capital goods moderated to 1.7% from the previous 2.5%. On a month-to-month basis, producer prices increased by 0.4%, reversing a 0.2% decline experienced in November.