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Inflation

Government Shaves Almost Two Cents Off the ISP Fuel Discount From Monday 1 June — Diesel Support Falls to €43.80/1000L and Gasoline to €42.18 as Brent Slides Below $100 and the Sector Eyes a Net 10-Cent Net Pump Drop

Government Shaves Almost Two Cents Off the ISP Fuel Discount From Monday 1 June — Diesel Support Falls to €43.80/1000L and Gasoline to €42.18 as Brent Slides Below $100 and the Sector Eyes a Net 10-Cent Net Pump Drop

Lisbon trims the ISP discount on diesel by 1.9 cents and gasoline by 1.8 cents for the week starting Monday 1 June 2026 — fiscal support falls to €43.80 per 1,000 litres on diesel and €42.18 on gasoline as Brent slides below $100 and the sector reads a net 10-cent pump drop.
The Portugal Brief
INE Confirms April Inflation at 3.3% Year-on-Year on Wednesday 13 May — Energy Climbs to 11.7% on Brent-and-Hormuz Pass-Through, Unprocessed Food at 7.4%, Core Print Lifts to 2.2% as the Headline Sits 0.3 Points Above the Eurozone Average

INE Confirms April Inflation at 3.3% Year-on-Year on Wednesday 13 May — Energy Climbs to 11.7% on Brent-and-Hormuz Pass-Through, Unprocessed Food at 7.4%, Core Print Lifts to 2.2% as the Headline Sits 0.3 Points Above the Eurozone Average

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.
The Portugal Brief
Brussels Spring 2026 Forecast for Portugal Lands Wednesday 21 May — The Spring 2025 Baseline Read 2.2% GDP, 0.3% Deficit and 2.0% Inflation, and a Brent-and-Hormuz Quarter Has Reset Almost Every Input

Brussels Spring 2026 Forecast for Portugal Lands Wednesday 21 May — The Spring 2025 Baseline Read 2.2% GDP, 0.3% Deficit and 2.0% Inflation, and a Brent-and-Hormuz Quarter Has Reset Almost Every Input

The European Commission's Spring 2026 Economic Forecast lands Wednesday 21 May. The Spring 2025 baseline read Portugal at 2.2% GDP for 2026, 0.3% deficit, 2.0% inflation, with debt declining off the 93.6% 2024 print. A Brent-and-Hormuz quarter has reset almost every input.
The Portugal Brief
Centromarca Reads Portuguese Supermarket Spending Up €486 Per Household Since 2019 — Worldpanel Panel of 4,000 Households Prints €2,193 in 2025 Against €1,707 in 2019, a 28.5% Lift That Outruns the €418 Wage Increase

Centromarca Reads Portuguese Supermarket Spending Up €486 Per Household Since 2019 — Worldpanel Panel of 4,000 Households Prints €2,193 in 2025 Against €1,707 in 2019, a 28.5% Lift That Outruns the €418 Wage Increase

The Portuguese household grocery bill is now €486 a year heavier than it was in 2019, according to the Worldpanel by Numerator panel of 4,000 Continental Portugal households commissioned by Centromarca, the country's branded-goods association. The...
The Portugal Brief