The ongoing conflict in Iran is triggering economic instability, leading to rising inflation and expectations of interest rate hikes by the ECB, which will directly increase mortgage costs for families in Portugal.
Attack on our wallets
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.
