INE Pegs May Industrial Producer Prices at +5.1% Year-on-Year as the Energia Component's 19.5% Spike Adds 3.0 Points to the Headline
INE's May IPPI prints at 5.1% year-on-year, with the energia component up 19.5% and contributing about 3.0 points to the headline. The ex-energy index sits at 2.4%, lining up with Banco de Portugal's H2 inflation glide path to 2.0%.