Industrial production prices fall 3% year-on-year in January – INE
The country's industrial production price index registered a year-on-year fall of 3% in January, recovering one percentage point from the decline observed in December last year.
The industrial production price index in Portugal recorded a year-on-year fall of 3% in January, after having declined 4% in December last year, according to data from Statistics Portugal INE, released on Thursday.
This indicator showed a year-on-year fall of 3% in January, recovering one percentage point from the decline observed in December last year, said the INE, adding that the Energy grouping contributed 0.4 percentage points (p.p.) to the recovery.
Furthermore, it referred that this grouping was determinant in explaining the 3% drop in the total index, due to its contribution of three percentage points (p.p.) less, as well as the 14.5% decrease (17.1% reduction in the previous month).
If Energy is excluded, the change in industrial production prices was nil in January, versus a 0.7% drop in the previous month, INE pointed out.
In monthly terms, industrial output prices stood at 2.2%, which compares with a 1.1% rise in the same period last year.
