Prime Minister Luís Montenegro stated that while the government acknowledges the rise in inflation and the cost of living, it is not yet time for alarm. Speaking at the Ovibeja agricultural fair in Beja, he noted that the government is monitoring price trends, particularly for essential goods, and remains committed to supporting families and businesses. The National Statistics Institute (INE) reported that inflation accelerated to 3.4% in April, driven largely by fuel prices.
Rising inflation and cost of living are worrying, but “not yet a cause for alarm”, says Montenegro
Thursday, 30 April 2026RSS
Context & Explainers
Inflation measures how much general prices rise over time, usually reported year‑on‑year to compare a month with the same month a year earlier. Portugal’s National Institute of Statistics (INE) estimated January inflation at 1.9% year‑on‑year, down 0.3 percentage points from December, which affects rents, wages and everyday purchasing power for residents.
