Economist Filipe Grilo believes that the prolongation of the conflict in the Middle East and the consequent rise in oil prices could cause an inflationary spiral that leads to a serious crisis.
Economic crisis in sight? "For now, there is no reason for great alarm yet"
Friday, 13 March 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.
