Producer prices fall 0.4% in January; YoY increase slows to 1.2%
IPPI was down by 0.4% in January and up 1.2% year-on-year, which represents a slowdown from the 2.7% y-o-y rate witnessed the previous month of December, according to INE.
Portugal’s industrial production price index (IPPI) fell 0.4% in January and was up 1.2% on a year earlier, marking a slowdown from the 2.7% year-on-year rate seen the previous month, the National Statistics Institute (INE) announced on Tuesday.
In December the index had been up 1.1% on the month.
The intermediate goods group was the one whose prices most contributed to the year-on-year increase in the overall index, with a rate of 2.4% in January, after 3.7% in December.
The sharpest slowdown was recorded by energy prices, which were up 1.0% on the year in January after being up 6.3% in December.
Excluding energy, industrial production prices were up 1.3% on the year in January, after a rate of 1.8% in December.
For manufacturing industry alone, prices were up 1.1% on the year, against a 2.9% rate in December.
