Portugal producer prices accelerate in May

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People walk in a street on the day when shops are allowed to reopen, amid the coronavirus disease (COVID-19) pandemic, in Porto, Portugal, April 19, 2021. REUTERS/Violeta Santos Moura
People walk in a street on the day when shops are allowed to reopen, amid the coronavirus disease (COVID-19) pandemic, in Porto, Portugal, April 19, 2021. REUTERS/Violeta Santos Moura

Portugal’s producer prices accelerated in May, figures from Statistics Portugal showed on Friday.

The producer price index increased 7.8 per cent year-on-year in May, following a 5.1-per-cent rise in April.

Excluding the energy group, producer prices rose 4.5 per cent yearly in May, following 2.6-per-cent growth in the previous month.
Prices for energy gained 4.0 per cent annually in May.

Prices for intermediate goods grew 3.1 per cent and those for investment goods rose 0.2 per cent.

On a month-on-month basis, producer prices increased 1.6 per cent in May, following a 1.5-per-cent rise in the prior month.

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