India, Feb. 18 -- Portugal's producer prices decreased for the first time in nine months in January, figures from Statistics Portugal showed on Tuesday.
The producer price index fell 0.3 percent year-on-year in January, reversing a 1.6 percent increase in the previous month.
The downward trend was largely driven by a 3.5 percent decline in prices for non-durable consumer goods amid a fall in olive oil production costs.
Prices for intermediate goods dropped 0.5 percent from last year, while energy prices rose at a slower pace of 4.2 percent versus a 7.0 percent surge in December.
Excluding the energy group, producer prices decreased 1.2 percent annually in January versus a 0.5 percent rise in the prior month.
On a monthly basis, produce...