Industrial producer prices in Portugal jumped 3.8% year-on-year in April 2026, the biggest rise since March 2023, following a flat reading in the previous month. The largest upward contribution came from a 17.2% jump in energy costs, mostly petroleum products due to the impact of the war with Iran. Excluding energy, producer prices were up 1.4%. Other increases were also seen in prices for intermediate (2.3% vs 0.3%) and investment (2.1% vs 1.4%) goods while consumptions goods rose 0.1% only (vs -0.7%). Compared to the previous month, the PPI jumped 1.4%, also led by energy costs which soared 10.2%.