Food basket already at historic highs and war in Iran will worsen prices

Thursday, 26 March 2026RSS
Food basket already at historic highs and war in Iran will worsen prices

The 63 essential products monitored by DECO PROteste cost 254.40 euros, the highest value ever. Fuel prices are already at record highs, but the organisation warns that the true impact on food prices is yet to come.

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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