Inflation

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 [...]

Nestlé Portugal says it is aware of increases in overall food retail prices practised in Portugal. However, it can not guarantee that prices on some of its products may not increase in the future [...]

The price of wine is about to go up because of the soaring production costs. The rising costs of glass, pesticides, fertilisers, corks, labels, pallets, cardboard boxes and shipping containers, [...]

The General-Director of Portugal’s distribution companies association APED has warned that food costs will rise by 30% but supples will not break down. Gonçalo Lobo Xavier of the Associação [...]

Over half of Portugal’s textile sector is temporarily shutting down production because of spiralling energy costs. And according to the sector’s association, scores of companies will face [...]

Prices of electricity and gas will increase by 3% in April. The announcement was made by the energy regulator ERSE on Tuesday and will affect families that are in the regulated market. The [...]