Portugal's producer price inflation slowed for the third consecutive month in April, data released by Statistics Portugal showed Friday.
The producer price inflation slowed to 3.6 percent in April from 3.7 percent in March. In February, and January, the inflation rates were 4.2 percent and 4.6 percent respectively.
Output prices in the manufacturing industry rose 2.1 percent annually, while mining and quarrying prices dropped 0.7 percent. Consumer goods prices were higher by 1.3 percent compared to last year, while energy prices climbed 10 percent. There was a 0.4 percent annual growth in investment goods prices during the month.
On a monthly basis, output prices moved up 0.6 percent in April, following the previous month's 0.4 percent rise.
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