DECO PROteste's weekly basket of 63 essential foods rose for a second week to 256.73 euros, 14.91 euros more than in January. Rice, salt cod, tomatoes and fish lead the rises, while INE puts unprocessed food inflation at 3.7 percent.
The Socialists want zero VAT on a basket of essential foods for three months in 2027. A Budget Watch study by IPP Lisbon argues that cash for lower-income households would do more for the same money, even though the 2023 cut reached shop prices in full.
Bulk extra virgin olive oil sold for 3.46 euros a kilo in mid-October, 19.5 percent less than a year earlier, and growers expect a bigger 2026/27 harvest. Shop prices are about a third below the 2024 peak, but most of that fall happened last year.
INE confirmed April inflation at 3.3% YoY on Wednesday — revised down 0.1 point from the flash estimate but still 0.6 points above March. Energy climbed to 11.7%, unprocessed food to 7.4%, and core inflation lifted to 2.2%. Portugal's headline now sits 0.3 points above the eurozone.
# Portugal's Food Basket Hits All-Time High of €254.40 as Iran War Pressures Grocery Bills The cost of essential groceries in Portugal reached a new record this week, with a basket of 63 basic food items monitored by consumer watchdog DECO Proteste...
