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Portugal PPI falls at slower rate in August

Staff Writer |
Portugal's producer prices continued to decline in August, though at a slower pace than in the previous month, figures from Statistics Portugal showed.

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The producer price index (PPI) dropped 3.0 percent year-over-year in August, following a 3.4 percent decrease in July.

Excluding the energy group, producer prices slid 1.3 percent annually in August, after a 1.1 percent fall a month ago.

Month-on-month, producer prices went down 0.4 percent from July, when it decrease by 0.5 percent. It was the second successive monthly decline.

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