WHAT WILL INCREASE IN 2019 IN PORTUGAL

WHAT WILL INCREASE IN 2019 IN PORTUGAL

Since 1 January^er On January 1, several price increases went into effect on items that are more or less important to consumers. The Jornal de Notícias reports on purchasing power in Portugal.

Rents, tolls and also public transport are among the goods and services whose prices will rise in 2019. But there will be a 3.5 % drop in electricity prices on the regulated market", notes the Jornal de Notícias, taking over an information from the news agency Lusa.

The daily lists the increases that will affect not only Portuguese citizens, but also expatriates and those wishing to settle in Portugal. Here are the main ones:

• Rents: +1.15 %. A higher increase than in previous years (1.12 % in 2018, 0.54 % in 2017, 0.16 % in 2016).
• Tolls: +0,88 %.
• Public transportation: +1,14 %.
• The single circulation tax (IUC) and the vehicle tax (ISV): a priori +1.3 %. These will be updated in line with WLTP homologation. This determines the taxation of cars according to their fuel consumption and CO₂ and other polluting fine particles.
• Tobacco: a priori +10 centimes. This increase is also the result of a 5-centime rise in the tax paid by producers, provided for in this year's government budget. As a result, a pack of cigarettes, currently priced at 4.90 euros, will soon cost 5 euros.
• Sugary drinks: will be more expensive as a result of the higher taxes to which they are subject. The new prices for soft drinks will be based on their sugar content per liter. A can of Red Bull, for example, will rise by 0.76 cents.
• Telecommunications: operators NOS and MEO have announced that they will increase their tariffs in line with inflation. Vodafone has not yet decided.

On the other hand, the Jornal de Notícias states that "the price of electricity on the regulated market has fallen by 3.5 % for consumers since 1^er January". Et of 0.6 % in the autonomous regions of the Azores and Madeira. In the open market, the Galp and Endesa groups. Have announced reductions of 2.6 % and 6.3 %, respectively. This is the largest decrease in electricity prices since 2000.

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