Portugal's producer price inflation accelerated further in May to the highest level in more than three years amid soaring energy costs, according to figures from Statistics Portugal released on Thursday.
The producer price index climbed 5.1 percent yearly in May, faster than the 3.8 percent increase in April, which was the first rise in fifteen months.
Moreover, the latest growth rate was the quickest since February 2023, when prices rose 9.3 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.