Portugal’s industrial producer inflation rose to 9.2% year-on-year in September 2026, the highest since February 2023, marking the third consecutive month of acceleration and up from a downwardly revised 7.1% in August. The increase was almost entirely driven by energy, with inflation surging to 33.6% from 22.8% in the previous month, as prices of petroleum products continued to climb sharply and, to a lesser extent, electricity prices. Inflation also picked up for intermediate goods (8.2% vs 7.5%), consumer goods (1.9% vs 1.7%) and capital goods (1.5% vs 1.4%). By sector, inflation rose most sharply for utilities (20.9% vs 12.8%) and manufacturing (7.3% vs 5.8%), while easing for mining (69.3% vs 72.5%), although remaining elevated. On a monthly basis, producer prices rose 1.5%, accelerating from a downwardly revised 0.7% increase in August, driven solely by a 7.9% rise in energy prices. source: Statistics Portugal

Producer Prices in Portugal increased 9.20 percent in September of 2026 over the same month in the previous year. Producer Prices Change in Portugal averaged 2.04 percent from 2006 until 2026, reaching an all time high of 22.40 percent in June of 2022 and a record low of -10.60 percent in October of 2009. This page provides - Portugal Producer Prices Change- actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on October of 2026.

Producer Prices in Portugal increased 9.20 percent in September of 2026 over the same month in the previous year. Producer Prices Change in Portugal is expected to be 9.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Producer Prices Change is projected to trend around 2.90 percent in 2027 and 2.30 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-18 10:00 AM
PPI YoY
Aug 7.2% 5.7% 6.7%
2026-10-20 10:00 AM
PPI YoY
Sep 9.2% 7.1% 8.0%
2026-11-19 11:00 AM
PPI YoY
Oct 9.2% 9.9%


Related Last Previous Unit Reference
CPI 104.56 103.28 points Sep 2026
Core Consumer Prices 103.65 102.43 points Sep 2026
Core Inflation Rate 2.72 2.64 percent Sep 2026
CPI Housing Utilities 103.91 103.65 points Sep 2026
CPI Transportation 108.33 107.40 points Sep 2026
Food Inflation 2.38 2.14 percent Sep 2026
GDP Deflator 129.46 129.15 points Jun 2026
Harmonised Consumer Prices 105.15 104.07 points Sep 2026
Inflation Rate YoY 3.61 3.30 percent Sep 2026
Inflation Rate MoM 1.24 0.03 percent Sep 2026
PPI MoM 1.50 0.70 percent Sep 2026
Producer Prices 125.63 123.76 points Sep 2026
PPI YoY 9.20 7.20 percent Sep 2026


Portugal Producer Prices Change
In Portugal, the Industrial Production Price Index aims to show the monthly evolution of transaction prices in economic activities for the domestic and foreign markets. The indices are obtained based on the Survey on Prices in the Production of Industrial Products, carried out by electronic form, with companies based in the national territory, focusing mainly on the extractive, manufacturing and electricity, gas and water industries. About 10123 prices are collected every month. Intermediate goods is the biggest segment of producer prices, accounting for 36 percent of total PPI, followed by consumer goods (31 percent), energy (20 percent) and capital goods (12 percent).
Actual Previous Highest Lowest Dates Unit Frequency
9.20 7.20 22.40 -10.60 2006 - 2026 percent Monthly
NSA

News Stream
Portugal Producer Inflation Highest Since 2023
Portugal’s industrial producer inflation rose to 9.2% year-on-year in September 2026, the highest since February 2023, marking the third consecutive month of acceleration and up from a downwardly revised 7.1% in August. The increase was almost entirely driven by energy, with inflation surging to 33.6% from 22.8% in the previous month, as prices of petroleum products continued to climb sharply and, to a lesser extent, electricity prices. Inflation also picked up for intermediate goods (8.2% vs 7.5%), consumer goods (1.9% vs 1.7%) and capital goods (1.5% vs 1.4%). By sector, inflation rose most sharply for utilities (20.9% vs 12.8%) and manufacturing (7.3% vs 5.8%), while easing for mining (69.3% vs 72.5%), although remaining elevated. On a monthly basis, producer prices rose 1.5%, accelerating from a downwardly revised 0.7% increase in August, driven solely by a 7.9% rise in energy prices.
2026-10-20
Portugal Producer Inflation Accelerates Again
Portugal’s industrial producer inflation rose to 7.2% year-on-year in August 2026, the highest level since February 2023, marking the second consecutive month of acceleration and rising sharply from a downwardly revised 5.7% in July. Energy inflation surged to 22.8% from 15.8% in the previous month, as global oil prices resumed their upward trend during the month. Meanwhile, inflation also accelerated for consumer goods (2.1% vs 1.6%), reflecting higher prices for durable (2.5% vs 0.7%) and non-durable (2% vs 1.7%) consumer goods, as well as intermediate goods (7.4% vs 6.4%). In contrast, inflation for capital goods eased to 1.4% from 2.3%. By sector, inflation rose most sharply for utilities (12.8% vs 8.1%) and manufacturing (5.9% vs 4.7%), while easing slightly for mining (72.5% vs 73%), although remaining elevated. On a monthly basis, producer prices rose 0.8%, matching July’s pace.
2026-09-18
Portugal Producer Inflation Highest Since 2023
Portugal’s industrial producer inflation accelerated to 5.8% year-on-year in July 2026, the highest level since February 2023, up from an upwardly revised 5.1% in June. The acceleration was mainly driven by stronger price growth for energy goods, remaining elevated at 15.8% after a 12.7% rise in the prior month, non-durable consumer goods (1.9% vs 1.3%), intermediate goods (6.5% vs 6.3%), and capital goods (2.3% vs 2.2%). By sector, price growth rebounded sharply in utilities to 8.1%, following a 1.7% decline in June, while easing in mining (73% vs 74.3%), although remaining elevated, and manufacturing (4.8% vs 4.9%). On a monthly basis, producer prices rose 0.8%, slowing from an upwardly revised 0.9% increase in June.
2026-08-18