Portugal's Producer Prices Rise At Steady Pace

My FX Forum

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Portugal's producer prices increased at a steady pace in September, figures from Statistics Portugal showed Thursday.

Producer prices advanced 4.7 percent year-on-year in September, the same rate as seen in August.

Excluding volatile energy prices, producer prices gained 1.9 percent. Energy prices surged 15.7 percent.

Month-on-month, producer price inflation came in at 0.3 percent in September versus 0.2 percent in August. The same 0.3 percent was posted in September 2017.

In the third quarter, producer price inflation advanced to 4.6 percent from 2.9 percent a quarter ago.