5 things that will mark the day

At the start of a week marked by rising fuel prices, the INE (National Statistics Institute) released its new housing construction cost index for July, and the OECD released its Consumer Price Index. The European Court of Auditors is analyzing the flexibility of the EU budget this Monday, while French Prime Minister François Bayrou risks losing a confidence vote in Parliament, which could lead to the government's downfall.

How have housing construction costs evolved?

The National Statistics Institute (INE) releases the new housing construction cost index for July. In June, new housing construction costs increased 3.9% compared to the same month last year. The indicator's increase, three tenths higher than in May, is primarily driven by the increase in labor costs, the highest since March .

Inflation in the OECD

The Organization for Economic Cooperation and Development (OECD) releases its Consumer Price Index for July. In June, the inflation rate across the 38 OECD countries rose to 4.2%, compared to 4% in May.

French government faces acid test

French Prime Minister François Bayrou risks losing a confidence vote in Parliament next Monday, which could result in the collapse of the government, delays in the budget plan, or even early elections, triggering a new crisis in the French government. At the heart of the issue is Bayrou's plan to control the country's public finances, which focuses on a sharp deficit reduction, which will require sharp spending cuts and, potentially, new fiscal measures.

European Court of Auditors examines EU budget flexibility

The European Court of Auditors (ECA) is publishing a special report this Monday afternoon examining how budgetary flexibility allows the European Union to respond to emerging challenges and priorities.

Most expensive fuels this week

Fuel prices will rise again this week, marking the third consecutive week of price increases. Gasoline is expected to rise 1.5 cents, and diesel, the most widely used fuel in Portugal, is expected to rise two cents. When you fill up, you'll now pay €1.568 per liter of diesel and €1.713 per liter of 95-grade gasoline, based on average Monday prices at the pumps.