Salaries face greatest fall since Troika
… but government shows no inclination to act Salaries are facing the greatest fall in terms of purchasing power since the desperate era of the ‘troika’ (Portugal’s ‘bailout years’) but
“Immense price increases” already registered in essential foods
Economists warn of gathering difficulties Retail food prices in Portugal rose 3.5% between January and March, “with several items increasing even more” – a situation that is worrying economists questioned
Inflation in March: highest since 1994
Prices in Portugal increase by average of 5.3% Inflation in Portugal in March has been registered at 5.3% – a 1.1% leap on the level tagged in February. The news
Inflation in Portugal running at 5.3%
Highest level for nearly 30 years Inflation rose to 5.3% in March, which is the highest level it has been in almost 30 years. It began creeping up in February,
Mário Centeno warns of stagflation in Europe
The Governor of the Bank of Portugal, Mário Centeno, has admitted that the Euro Zone could face a period of stagflation and high interest rates as a result of the
ECB boss says inflation will be moderate in 2022
President of the European Central Bank (ECB) Christine Lagarde was in Lisbon yesterday, on the request of President Marcelo (click here) and brought ‘good news’: a rise in interest rates
Government in urgent talks to try and stop rise in fuel costs reflecting on Portugal’s food prices
The government is in urgent talks today with transporters association ANTRAM to ‘try and find a solution to halt the increase in fuel costs before it reflects on Portugal’s food