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Tolls, rents, telecommunications and bread will increase the price next year. But there are also drops, just not as many: electricity and interest.
Electricity prices are an exception, as both in the regulated and liberalized markets, tariffs are expected to fall next year.
Families in the regulated electricity market would have a tariff increase of 2.1% from January, but in practice, with fees and taxes, they will havesavings of between 0.82 and 0.88 euros, due to the legislative change that increases the value of energy consumption subject to the reduced VAT rate (6%), approved in parliament.
Meanwhile, an official EDP source stated that the invoice for EDP Comercial customers should drop by an average of 7% from January 1st.
Another good news is the falling interest rates. According to , the European Central Bank (ECB) should lower them even further.
According to this newspaper, Bank of America expects the current rate of decline to continue, and for the ECB to reduce rates at all meetings. until reaching 1.5% in September 2025.
“With an economy that will be growing at or below trend for most of 2025, it will be difficult for the ECB to suspend the cuts until the rate falls slightly below its neutral level estimate of 2%,” analysts say. “At this point, 1.5% is easily becoming an upper limit.”
But what reigns are price increases. Here are the main increases that will occur next year.
Tolls
Motorway tolls expected to increase 2.21% in 2025based 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 that establishes how the increase in toll prices is calculated each year is set out in decree-law no. 294/97 and establishes that the variation to be practiced each year is referenced to annual inflation rate no housing on the continent verified in the last month for which data is available before November 15, the deadline for concessionaires to communicate their price proposals to the Government for the following year.
According to data released today by INE, that inflation reference stood at 2.11%.
To this value, 0.1% is added, following the agreement signed in 2022 with highway concessionaires to compensate them for the brake that was then imposed at an increase of around 10% in 2023.
Transport
Os public passenger transport will increase by 2.02% next year, according to the tariff update rate based on INE data on inflation.
Now the passes Navegante will maintain prices in 2025 in the Lisbon Metropolitan Area, as well as occasional tickets referring to Carris Metropolitana.
Lace
After having had the highest increase in 2024 in the last 30 years, rents could rise 2.16% in 2025according to the income update coefficient notice published by the National Statistics Institute (INE).
In practice, this increase is equivalent to an increase of 2.16 euros for every 100 euros of rent, which means that a rent of 750 euros could increase by 16.20 euros next year.
Taking into account the current rules, for some tenants the increase may be more pronounced, as owners who have not updated their rent in the last two years may add the coefficients of 2023 and 2024 to the 2.16% of 2025total number of 11.1%.
But It may also happen that there is no increaseas updating rents is not mandatory and the landlord can choose not to do so.
Telecommunications
Altice Portugal’s communications prices will increase next year, as contractually stipulated, except in Uzo and Moche. NOS will maintain the tariffs and Vodafone Portugal is still unable to provide information on the topic.
At the end of November, an official source from Altice Portugal, which owns Meo, said that it will update prices in 2025, as contractually foreseen and already disclosed, with the exception of the services of the digital brand Uzo and the brand for the youth segment, Moche , which will not be updated.
In turn, an official NOS source said, at the time, that “it will not increase its prices in 2025”, a decision that “is transversal” to all of the company’s services and tariffs.
Vodafone Portugal cannot anticipate possible price updates, an official source from the operator told Lusa in November, a situation that continues today.
Leite
The price of milk and dairy products is expected to continue rising from January onwards, maintaining the trajectory seen in the last months of 2024.
Os production costsparticularly diesel and electricity, have boosted the price of dairy products.
Faced with this scenario, producers defend predictability and balance in the three links of the business — production, distribution and consumers.
Bread
Bread will become more expensive in 2025, due to production costs and the national minimum wage.
Despite the prices, bakery and pastry sales recorded, in 2024, a slight increase in valuebut in quantity there was a drop.
Os consumers continue to bet on “the classics”such as traditional bread and custard tarts, but they are also increasingly looking at innovative products, such as wholemeal breads and plant-based pastries.
