Portugal's producer price inflation weakened for the fifth successive month in June, data released by Statistics Portugal showed Wednesday.
Producer prices rose 2.7 percent annually in June, slower than the 3.2 percent increase recorded in May. May's slowdown in growth was the fifth in a row.
Prices of electricity, gas, steam and air conditioning supply were higher by 10.9 percent compared to June 2011, and manufacturing prices by 0.9 percent. Meanwhile, there was a 0.6 percent year-on-year decrease in output prices in the mining and quarrying sector during the month, data showed.
Month-on-month, output prices dropped 0.7 percent in June, after falling 0.5 percent in the previous month, the agency said.
by RTT Staff Writer
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