The Industrial Production Price Index showed a drop of 3.3% in November compared to the same month in 2024, driven by reductions in the prices of energy, intermediate goods and consumer goodsthe National Statistics Institute (INE) announced this Thursday (November 18). The drop in electricity prices was the factor that most influenced the evolution of the index.
“Industrial Production Prices recorded, in November, a year-on-year decrease of 3.3%, more pronounced by 0.5 pp [pontos percentuais] than observed in the previous month”, says INE. The “contraction was determined by Energy, Intermediate Goods and Consumer Goods, with contributions of -1.6 pp, -1.2 pp and -0.9 pp (-0.5 pp, -1.5 pp and -1.1 pp in October), reflecting price decreases of 9.4%, 3.4% and 2.5%, respectively”, explains the institute.
Investment goods “countered the downward trend in prices”, registering an increase of 2.5% in November.
The monthly variation was -0.1% in November. The negative variation was due to the energy group, which contributed -0.3 pp to the total. The investment goods and intermediate goods groups made positive contributions of 0.1 pp to the total variation in the index. Consumer goods had a zero contribution.