The war in the Middle East is driving up the cost of oil and fertilisers. Prices have already increased, and Portugal is more exposed due to its energy dependency.
Higher energy costs put pressure on food prices again
Thursday, 23 April 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.
