The latest inflation data in Spain: It is not gasoline that empty your wallet …

According to the latest data reports of the State Bureau of Statistics (INE) of Spain (INE) yesterday, due to the influence of oil prices, electricity bills, and food price increases, the overall price of Spain increased by 10.2%in June. Among them, food and beverage products contributed 2.9 percentage points, the highest among all consumer goods categories; housing expenditure (including electricity bills) contributed 2.7 percentage points to the price increase in June, and transportation (including gasoline and diesel) expenditure, contributed 2.5 to 2.5 percentage point. Of the 12 main categories that constitute inflation, the three categories mentioned above accounted for 80%of the price rose last month.
The report also gives detailed data on the price increase of various consumer goods categories, of which the increase is large:
Household liquid fuel (104%); other edible oils, such as sunflower seed oil (87.5%); hotel accommodation (45%); diesel (42.7%); gasoline (34.4%); power (33.4%), natural gas (33.4%) (33.4%) ), Italian noodles (28.8%), flour (28.1%) and olive oil (27.2%).

At the same time, the collective price increase of food and beverages is also worrying: eggs (23.9%); butter (23.1%); sauce and condiments (21.5%); skimming and whole milk (21.1 and 20.7%); fresh fruits (19.3 19.3 %); Baby food (16.7%); yogurt (15.6%); poultry (14.1%), bread (13.9%); beef (13.1%); coffee (11.8%); fish (11%); cheese (10.5) %).

In order to cope with the rise in oil prices, the Spanish government has taken some measures, such as free vouchers issued by intercity railways to encourage public transportation. However, for the rise in food prices, the Spanish government has not yet proposed specific and effective countermeasures. In the face of turbulent people’s grievances and the deterioration of social security, there is no time to leave the Spanish government.


Post time: Jul-15-2022