Portugal Producer Prices Fall 1.4%

(RTTNews) - Portugal's producer prices decreased for the third straight month in March, figures from Statistics Portugal showed on Thursday.

The producer price index fell 1.4 percent year-on-year in March, following a 0.2 percent decrease in the previous month.

The downward trend was largely driven by a 3.0 percent decline in prices for non-durable consumer goods and a 1.4 percent cheaper energy costs.

Prices for intermediate goods dropped 1.2 percent from last year, while prices for capital goods rose at a slower pace of 0.8 percent.

Excluding the energy group, producer prices increased at a stable rate of 1.4 percent.

On a monthly basis, producer prices fell 1.3 percent, reversing a 0.3 percent rebound in February.