Cost of Living
Transport, food and accommodation explain more than two-thirds of inflation
Portugal's annual inflation rate reached 3.8% in October, driven largely by price increases in transport (1.2 percentage points), accommodation and restaurant services (0.9 points), and food and non-alcoholic beverages (0.5 points). Energy products saw a 17.4% year-on-year price increase, significantly impacting these sectors, though fuel prices saw a recent reduction of about 9 cents per litre in early November.
Why it matters
As a resident, you are seeing the cost of daily essentials and services increase primarily due to the rising price of energy and transport, though a recent drop in fuel prices may provide some relief in November if the trend continues.PúblicoRead original ↗
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