The reduction in energy dependence in Portugal has not been enough to shield the Portuguese economy from external shocks, and a new rise in oil prices this year could have an impact similar to the 2022 inflationary crisis. This is the conclusion of a study by Luís Folque, an economist at the Public Finance Council (CFP), who argues...
Rising oil prices threaten to repeat the 2022 inflationary crisis in the Portuguese economy
Tuesday, 14 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.
