The European Union (EU) spent over 27 billion euros importing fossil fuels during two months of conflict in Iran, losing “almost 500 million per day,” the President of the European Commission said today.
EU spent 27 billion euros extra on fuel in two months of conflict
Wednesday, 29 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.
