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Portugal announces 2.4 billion euros in aid to families to fight inflation

The Portuguese government on Monday announced a 2.4 billion euro (US$2.4 billion) package of measures to help families cope with inflation, including a cut in energy taxes.

The Socialist government also plans direct aid to families and an extraordinary increase in pensions, Portuguese Prime Minister António Costa said at a press conference.

The package of eight measures, titled "Families First," has an estimated value of 2.4 billion euros, in addition to the 1.6 billion euros already distributed through September.

"We have not seen such a sharp and sudden increase in the cost of living . . .

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