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19.02.202611:12:10UTC+00Portugal Producer Deflation Softens

Portugal’s producer prices fell 2.1% year-on-year in January 2026, the smallest decline in ten months, after a 3.3% drop in December. Energy prices continued to post a steep decline (-8.4% vs. -8.3%), largely reflecting lower petroleum product prices. However, the falls in consumer goods (-1.0% vs. -2.8%) and intermediate goods (-1.6% vs. -3.3%) were less pronounced than in the previous month. In contrast, prices for investment goods rose 1.8%, accelerating from a 1.6% increase in December. On a monthly basis, the producer price index edged down 0.1%, following a 0.3% rise in the previous month.

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