Inflation

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 [...]

The Portuguese energy company will join the electricity company EDP which will also increase its domestic charges from 1 May. From Friday, Galp applied higher monthly charges of up to €3 on [...]

Portugal’s National Statistics Institute (INE) has confirmed this week that the inflation rate of 5.3% is the highest since 1994. The rate which referred to March was 1.1% higher than in February [...]

Portugal’s newly appointed Minister of the Economy and Sea has not ruled out charging an additional windfall tax on energy companies. António Costa Silva said last week that the government might [...]