Electricity prices are the exception, since both on the regulated market and on the liberalized market, tariffs are expected to fall next year.
In the regulated electricity market, families are expected to experience a tariff increase of 2.1% from January, but in practice, with fees and taxes, they will benefit from reductions of between 0.82 and 0. €.88, per invoice for the legislative modification which increases the value of energy consumption subject to the reduced VAT rate (6%), approved by Parliament.
In the liberalized market, which represents the vast majority of total consumption, in mainland Portugal, EDP Comercial and Galp announced reductions of 6% on the electricity component of the bill, due to improving market conditions (in the case of Galp, in force since December 1).
Meanwhile, an official EDP source said that EDP Comercial customers’ invoices are expected to drop by 7% on average from January 1.
Here are the main price increases planned for next year:
Rents
After experiencing the largest increase in the last 30 years in 2024, rents could increase by 2.16% in 2025, according to the opinion of the rent discount coefficient published by the National Institute of Statistics (INE).
In practice, this increase equates to an increase of 2.16 euros per 100 euros of rent, which means that a rent of 750 euros could increase by 16.20 euros next year.
Given the current rules, for some tenants the increase may be more pronounced, since owners who have not updated the rent in the last two years will be able to add the coefficients of 2023 and 2024 to the 2.16% of 2025 , for a total of 11.1%.
But there may also be no increase, because updating rents is not mandatory and the landlord can choose not to increase prices.
Tolls
Motorway tolls are expected to increase by 2.21% in 2025, based on the value of annual inflation without housing in October determined by the National Statistics Institute (INE), plus 0.1% compensation to concessionaires .
The formula which establishes the method of calculating the annual increase in toll prices is defined in Decree-Law No. 294/97 and establishes that the variation to be made each year is based on the annual inflation rate without housing on the continent checked in the last month for which data is available before November 15, the deadline by which concessionaires must communicate to the government their price proposals for the following year. According to data published today by the INE, this inflation benchmark was 2.11%.
To this value is added 0.1%, following the agreement signed in 2022 with motorway concessionaires to compensate them for the brake imposed on them with an increase of around 10% in 2023.
Transportation
-Public passenger transport will increase by 2.02% next year, according to the fare discount rate based on INE inflation data.
Navegante subscriptions will maintain their prices in 2025 in the Lisbon metropolitan area, as will occasional tickets for Carris Metropolitana.
Telecommunications
Altice Portugal’s communications prices will increase next year, as contractually agreed, except for Uzo and Moche, NOS will maintain its prices and Vodafone Portugal is still unable to provide information on this matter.
At the end of November, an official source from Altice Portugal, owner of Meo, declared that it would update the prices in 2025, as contractually planned and already disclosed, with the exception of the services of the digital brand Uzo and the brand for the youth segment, ugly, which will not be updated.
For its part, an official NOS source declared, at the time, that it “will not increase its prices in 2025”, a decision which “cuts across” all of the company’s services and prices.
Vodafone Portugal cannot anticipate possible price updates, an official operator source told Lusa in November, a situation that continues today.
Pain
Bread will become more expensive in 2025, due to rising production costs and the increase in the national minimum wage.
Despite the prices, bakery and confectionery sales recorded, in 2024, a slight increase in value, but a decrease in quantity.
Consumers continue to favor “classics”, such as traditional bread and cream puffs, but they are also increasingly interested in innovative products, such as wholemeal breads and plant-based pastries.
Milk
The price of milk and dairy products is expected to continue to increase from January, maintaining the trajectory observed in the last months of 2024.
Production costs, particularly diesel and electricity, have driven up the price of dairy products.
