José Luís Carneiro presents four proposals to address the rising cost of living

Friday, 27 March 2026RSS
José Luís Carneiro presents four proposals to address the rising cost of living

The PS secretary-general proposed zero VAT on essential food items and a reduction of this tax to 13% on gas and fuel, accusing the Government of acting in an “insufficient and incomplete” manner.

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.

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