The escalation of the conflict in the Middle East, with the outbreak of war in Iran, has once again placed geopolitics at the centre of global economic concerns. The recent experience of the invasion of Ukraine reminds us that geopolitical shocks in strategically important energy regions tend to translate quickly into inflation. The world may, therefore, once again face a phenomenon...
From the war in the Middle East to the pockets of the Portuguese
Thursday, 12 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.
