Portugal’s producer prices continued to decline in December, though at a slower pace than in the previous month, figures from Statistics Portugal showed Tuesday.
The producer price index fell 2.6 percent year-over-year in December, following a 3.4 percent decrease in November.
Energy prices alone plunged 9.1 percent in December from a year ago and prices in the manufacturing sector slipped by 3.0 percent. Excluding the grouping of the energy, the measure dropped by 0.3 percent.
In the three months ended December, producer prices dipped 3.3 percent annually, the same rate of decline as in the previous quarter.
In the whole year 2015, the average decrease in the overall index was 3.0 percent compared with a 1.2 percent drop in 2014.
On a monthly basis, producer prices slid 1.1 percent in December, much faster than the 0.1 percent slight fall in the preceding month.
The material has been provided by InstaForex Company – www.instaforex.com