New Year, New Prices
The first day of January always brings new prices for various products and services in Portugal. Transport fares, rents, and tolls are expected to rise. However, families can look forward to some positive news as 2025 marks a significant year for elections.
Upcoming Elections
In 2025, Portuguese citizens will head to the polls to elect 308 municipal mayors, their councilors, and 3,091 parish assemblies. Notably, 103 mayors elected in 2021 will not be eligible to run again due to a law limiting consecutive terms.
Price Updates
The start of the year will see adjustments in several price lists:
- Public transport tickets are expected to increase by an average of 2.02%.
- Rents may rise by up to 2.16%.
- Fuel prices will undergo a tax restructuring, but the government assures no price increase will occur.
- The electricity bill is anticipated to decrease due to reduced VAT rates on a larger portion of electricity consumption.
Income and Salaries
On the income side:
- Pensions will rise for most pensioners.
- The minimum wage will increase by 50 euros to 870 euros per month.
- Public sector salaries will see a minimum increase of 2.15%.
Notable Price Changes
- Electricity bills will generally decrease, with the average monthly bill dropping by €0.85 to €0.91.
- Fuel taxes will adjust, with carbon tax reductions offset by an increase in petroleum taxes.
- Toll prices in Greater Lisbon will rise by approximately 2.13%.
Banking Changes
Banks will no longer be able to charge higher commissions for immediate transfers compared to standard ones. This regulation aims to ensure fairer banking practices.
Transport Costs
Public transport fares will increase, with Lisbon Metro tickets rising to €1.85, while train fares will also see minor adjustments.
Food Prices
In a positive turn, the price of olive oil is expected to decrease after a significant rise in recent years, while bread and milk prices may increase.
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