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Market Update: Portugal Producer Inflation Jumps to 13-Year High
Producer prices in Portugal jumped 7.8 percent year-on-year in May of 2021, accelerating from a 5.1 percent gain in the previous month. It was the highest producer inflation since July 2008, as cost advanced faster for energy (24 percent vs 17.1 percent in April); intermediate goods (8.3 percent vs 5 percent) and non durable consumer goods (1.6 percent vs 0.4 percent). Meantime, prices slowed for consumer durable goods (0.8 percent vs 0.9 percent) and investment goods (1.2 percent vs 1.3 percent). On a monthly basis, producer prices rose by 1.6 percent, following a 1.5 percent increase in April. source: Statistics Portugal [/s2If]
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