Producer prices in Portugal increased 2.7 percent year-on-year in December of 2018, slowing from an upwardly revised 3.7 percent gain in the previous month. It is the lowest producer inflation rate since April, as prices slowed for energy (6.3% vs 10.7% in November) and intermediate goods (3.7% vs 4.0%). Meanwhile, cost advanced faster for consumer goods (0.7% vs 0.4%) and capital goods (0.1% after being flat in November). On a monthly basis, producer prices fell 1.0 percent, after a 0.6 percent decrease in the preceding month. Producer Prices Change in Portugal averaged 1.45 percent from 2006 until 2018, reaching an all time high of 7.80 percent in February of 2011 and a record low of -7.30 percent in July of 2009.
Producer Prices Change in Portugal is expected to be 2.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Portugal to stand at 2.20 in 12 months time. In the long-term, the Portugal Producer Prices Change is projected to trend around 2.40 percent in 2020, according to our econometric models.