Nuno Figueiredo

Money Moves

Warning that fuel costs will pass through to consumers across the economy

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