Vítor Costa, executive editor of CNN Portugal, states that the rise in the inflation rate to 2.7% was already expected, given the increase in fuel prices, pressured by the conflict in the Middle East. A trend that, according to the executive editor of CNN Portugal, will continue in the coming months and could translate into interest rate hikes.
There may be up to three interest rate hikes by the ECB by the end of the year
Tuesday, 31 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.
