Agência para o Investimento e Comércio Externo de Portugal


Butter, chicken and cheese lead the price drops.

The price of a basket of essential goods of a set of 41 food products covered by “zero VAT” has become almost 6% cheaper since the measure came into force, now costing 130.63 euros, according to calculations by the Portuguese Association for Consumer Defense (DECO).


At issue is the monitoring of 41 of the 46 foods – which include turkey, chicken, horse mackerel, hake, onion, potato, carrot, banana, apple, orange, rice, spaghetti, sugar, milk, cheese or butter –, which since 18 of April are now exempt from VAT, following the tripartite agreement between the Government, distribution and production. If on April 17 this basket cost 138.77 euros, this week it cost 130.63 euros, becoming 8.14 euros cheaper (a drop of 5.87%).


In The Portugal News