Producer prices in Portugal fell 2.8% year-on-year in October 2025, marking the 10th consecutive decline, after a 3.7% drop in September. However, it was the smallest decrease since April, reflecting milder reductions in consumer goods (–2.7% vs –3.1%), particularly nondurables (–3.6% vs –4.2%), as well as in intermediate goods (–4.4% vs –4.6%) and energy (–3% vs –6.8%). Prices also rose at a slower pace for durables (1.9% vs 2.1%) and investment goods (2.1% vs 1.9%). On a monthly basis, the PPI increased 0.3%, the strongest rise since June, following a 0.4% decline in September.