“People are starting to do the math on their lives”: Paulo João Santos on price hikes due to the conflict in the Middle East

Monday, 16 March 2026RSS
“People are starting to do the math on their lives”: Paulo João Santos on price hikes due to the conflict in the Middle East

The executive director of CM says that all signs indicate that the situation will worsen.

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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