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Portugal PPI Inflation Accelerates In June

Portugal's producer price inflation accelerated for the third straight month in June, figures from Statistics Portugal showed Wednesday.

Producer prices climbed 4.0 percent year-over-year in June, faster than the 3.2 percent rise in May.

Excluding energy, producer price inflation rose to 1.8 percent from 1.5 percent.

On a monthly basis, producer prices increased 0.6 percent from May, when it grew by 1.5 percent.

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