18.12.202511:18:15UTC+00Portugal Producer Prices Fall at Faster Pace

Producer prices in Portugal experienced a 3.3% decline compared to the previous year in November 2025, following a 2.8% decrease observed in October. This represented the eleventh consecutive month of deflation in producer prices, primarily driven by a substantial reduction in energy costs, which fell by 9.4% compared to a 3% drop in October. Meanwhile, the deflation rate eased slightly for consumer goods, with prices dropping by 2.5% compared to a 3.2% decline previously, and for non-durable consumer goods, where the decrease was 3% compared to 3.7% earlier. Similarly, there was a moderation in the decline for intermediate goods, which fell by 3.4% compared to a 4.4% reduction. Conversely, prices for consumer durables saw accelerated growth at 2.1% compared to 2% in the prior month, and capital goods also experienced a rise in prices, increasing by 2.5% over October's 2.1%. On a month-to-month basis, producer prices edged down by 0.1%, countering the 0.3% increase recorded in October 2025.