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Portugal PPI continues to fall in July

Staff Writer |
Portugal's producer prices continued its downward trend in July, figures from Statistics Portugal showed.

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The producer price index fell 3.4 percent year-over-year in July, which was worse than the 3.2 percent drop in June.

Excluding the energy group, producer prices decreased at stable pace of 1 percent annually in July.

On a monthly basis, producer prices slid 0.5 percent from June, when it rose by 1.3 percent.

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