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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