Portugal's inflation hits 3.4% as fuel taxes and living costs spark political clash
Portugal’s inflation rate climbed to 3.4% in April, according to the National Statistics Institute. The rise has sparked criticism from opposition leaders, who claim the government is failing to address the growing cost of living. A new budget report also reveals a significant increase in tax revenue from fuel duties in early 2026. Prime Minister Luís Montenegro acknowledged the inflation surge and higher living costs but dismissed concerns as unwarranted. He argued that the situation did not yet justify alarm.
José Luís Carneiro, a Socialist Party lawmaker, strongly disagreed. He accused the government of reacting too slowly and inadequately to rising prices. Carneiro also claimed the administration was imposing excessive taxes, particularly on fuel, which he said burdened both families and businesses. The first-quarter budget report confirmed a sharp rise in fuel tax revenue. Carneiro pointed to past measures by a Socialist-led government that had previously eased price pressures. He criticised Montenegro for being out of touch with the struggles of ordinary citizens, arguing that the current leadership lacked sensitivity to their hardships.
The inflation rate now stands at 3.4%, while tax revenue from fuel duties continues to grow. Opposition figures insist the government must take stronger action to relieve financial pressure on households and companies. The debate over economic policy is likely to intensify in the coming months.
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