Seven out of 10 Portuguese (72%) state that inflation has changed "slightly or completely" their purchasing power, according to the most recent Netsonda Barometer, carried out among 1,000 Portuguese aged 18 to 64.
"Currently, more than half (55%) of the Portuguese say they have changed their consumption habits slightly or completely, while 72% refer that inflation has changed their purchasing power/disposable income quite or completely", according to a report by Notícias ao Minuto.
As a result, the main measures taken by those who felt a greater loss in their purchasing power were going to restaurants less often (72%), buying less clothes/shoes/accessories (71%) and buying more own-brand products (71%).
The study reveals, however, that "there specific groups feel the impact more of rising prices and its effect on their disposable income".
"The Netsonda study advances that women, who have children, who have a net monthly household income of up to €2,000 and who have mortgage loans were the ones who most felt the impact of product inflation on their purchasing power".
"More than half of holders of mortgage loans with variable rates indexed to Euribor say they felt a very negative impact resulting from the rise in interest rates (Euribor), while 39% felt only some negative impact".
I stood behind an elderly pensioner in the pharmacy this morning, when told of the price of her prescription, she said she would come back next week for it. The pharmacist said it is a common event with the elderly, who decline a prescription claiming they already have the medication at home. No doubt Sr. Costa and his so-called Socialist cronies do not have this problem.
By Greg from Other on 28 Aug 2023, 10:23
Greg, the elderly in Portugal are just left to die. The quicker they die, the more housing there is to sell. Harsh? That is the reality.
By K from Other on 29 Aug 2023, 16:21