Luís Montenegro

Prime Minister of Portugal

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Portugal inflation accelerates as fuel prices hit records

In office; criticized fuel price rises as 'absurd' and oversaw extension of fuel tax relief

Portugal's inflation rate hit 3.6% in September, the highest in three years, as diesel and petrol prices passed €2 per liter. The national statistics institute (INE) confirmed the rate on October 13, attributing the jump largely to higher fuel prices. Diesel now averages €2.211 per liter and petrol €2.167, according to the regulator ERSE.

Updated Oct 18