Inflation

Portugal saw the highest increase in agricultural produce prices in the EU in the second quarter of 2023 with prices up 22% compared to an average 2% price hike in the rest of the EU. This is [...]

An average shopping basket of essential goods that the government has exempted from VAT has shot up to €130 in just one week according to price watchdog Deco. According to Deco, a consumer [...]

The European Central Bank has hiked interest rates again for the 10th time running, this time by 0.25%. The institution led by Christine Lagarde has done so to fight against stubbornly high [...]

The average price of a litre of wine sold in Portugal in he first half of the year increased both in restaurants and retail outlets in the first half of 2023 by a total average of 7%. The reason [...]

The Governor of the Bank of Portugal Mário Centeno believes that inflation should fall to below 3% by the end of the year. Centeno gave his opinion to Bloomberg after taking part in an economics [...]

Inflation is providing a positive benefit for the government in terms of taxes and extraordinary contributions for State coffers. According to the Bank of Portugal, the Government should rake in [...]

Despite a slowdown in inflation on the prices of goods and services in Portugal, food prices continue to be high at 23% above the average price levels of 2021. According to Portugal’s national [...]

Measures introduced by the European Central Bank to curb inflation and reduce money supply in the Euro Zone could hamper Portugal’s economy, leading it to lose around 8% by 2025. This is [...]

A law introduced by the Portuguese Government to eliminate VAT on a typical shopping basket of essential goods comes into force tomorrow. (Tuesday, April 18) The law, confirmed in the Portuguese [...]

The effects of inflation on Portuguese consumers does not look set to ease in the early months of 2023, despite government forecasts that it will fall back to 5.8% in 2023. What had seemed [...]