Financial News: Portugal Inflation Eases; Industrial Output Falls Further

Portugal Inflation Eases; Industrial Output Falls Further

01/31/2025 - 08:31:00 (RTTNews)

(RTTNews) - Portugal's consumer price inflation moderated at the start of the year, a preliminary report from Statistics Portugal showed on Friday.

Separate official data showed that industrial production decreased for the second straight month in December.

Consumer price inflation eased to 2.5 percent in January from 3.0 percent in December.

This slowdown is partly explained by the base effect associated with the end of the VAT exemption on a set of essential food goods and the increase in electricity prices, observed in January 2024, the agency said.

Core inflation that excludes energy and unprocessed food products also slowed to 2.6 percent in January from 2.8 percent in the prior month.

On a monthly basis, consumer prices dropped 0.5 percent in December, reversing a 0.1 percent increase in the previous month.

EU-harmonized inflation came in at 2.7 percent in January, down from 3.1 percent in December.

Industrial production declined at a faster pace of 4.9 annually in December versus a 2.5 percent fall in November.

Energy output alone plunged by 16.6 percent from last year, and that of capital goods slid by 3.7 percent. On the other hand, intermediate goods production grew 1.5 percent.

Excluding energy grouping, industrial output showed a fall of 3.1 percent, and the manufacturing industry contracted by 3.4 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Chicago Business Barometer Increases But Still Indicates Contraction (36 min(s), 43 sec(s) ago)
(RTTNews) - MNI Indicators released a report on Friday showing its reading on Chicago-area busines ...Full Story»

U.S. Consumer Price Growth Matches Estimates In December (45 min(s), 43 sec(s) ago)
(RTTNews) - The Commerce Department released a closely watched report on Friday showing consumer p ...Full Story»

Macedonia Industrial Production Shrinks 1.4% (55 min(s), 43 sec(s) ago)
(RTTNews) - Macedonia's industrial production declined further at the end of the year, data fr ...Full Story»

Cyprus Producer Prices Fall 1.5% (01 hr(s), 25 min(s), 43 sec(s) ago)
(RTTNews) - Industrial producer prices in Cyprus continued to decline at the end of the year, prel ...Full Story»

U.S. Consumer Prices Increase In Line With Estimates In December (02 hr(s), 03 min(s), 43 sec(s) ago)
(RTTNews) - The Commerce Department released a closely watched report on Friday showing consumer p ...Full Story»

Portugal Inflation Eases; Industrial Output Falls Further (02 hr(s), 15 min(s), 43 sec(s) ago)
(RTTNews) - Portugal's consumer price inflation moderated at the start of the year, a prelimin ...Full Story»

Italy Producer Prices Rise 0.6% (03 hr(s), 11 min(s), 43 sec(s) ago)
(RTTNews) - Italy's producer prices increased for the third straight month in December, data f ...Full Story»

France Inflation Rises To 5-Month High (03 hr(s), 45 min(s), 43 sec(s) ago)
(RTTNews) - French consumer inflation accelerated to a five-month high in January largely on energ ...Full Story»