Inflation

The shipyards at Viana do Castelo in the north of Portugal have won a contract from Norway to build a zero carbon emissions cruise ship. The shipyards, which are operated by West Sea – a [...]

Portugal’s Council of Public Finances (CFP) is optimistic that the country’s economy will grow 6.7% this year and fall back to 1.2% next year. However, the CFP also foresees that inflation will [...]

The cost of the average shopping basket of basic foodstuffs has risen by €26 over the past six months. Since the war in Ukraine began in February, the price of an average family shopping basket [...]

Inflation in Portugal exceeded the EU average in July to hit 9.4% from 8.9% in June. This is according to the EU’s statistics department Eurostat which released the inflation figures for the [...]

Portugal’s inflation rate hit 9.1% in July according to the country’s National Statistics Institute. (INE) It was the greatest like-for-like price variation since November 1992. However, the [...]

Portugal’s Prime Minister António Costa has announced that the government will adopt a new raft of measures in September to offset inflation which is currently running at over 8% and affecting [...]

Portugal’s national statistics institute INE has confirmed that inflation has hit 8.7% in June, the highest level since 1992. It represented a 0.7% increase on May. The data published on Tuesday [...]

Inflation in Portugal is putting the squeeze on household budgets as it hits the highest level since 1993. According to Portugal’s national statistics institute (INE), inflation climbed to 7.2% [...]

Portugal’s federation of business owners CIP has warned that there is now no margin to avoid increased costs for consumers. In a message to mark International Labour Day which was being [...]

Portugal’s stalwart economist Teodora Cardoso has warned that the country is, like the rest of the world, facing stagflation in the short term but says price controls are not the answer. The [...]