From oil to the supermarket: the impact of the war with Iran

Monday, 16 March 2026RSS
From oil to the supermarket: the impact of the war with Iran

War seems far away until the day you feel it at the fuel pump, in the supermarket, or in your mortgage payment. Ignoring the signs comes at a high price.

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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