The core cost of living
The housing crisis, lack of competition and the expansive cycle of the economy itself are putting pressure on prices
Spain's inflation remains high, with the IPC at nearly 5%, and the yearly average at 4.3%, outpacing wage growth, which has seen collective agreements increase by 3.1% over the same period. Food prices rose 2.5% in October compared to the previous year, with processed foods, including olive oil, contributing to a moderate rate of increase. Fresh food prices have rebounded, but at lower rates than last year. The trend for processed foods has been declining since spring.
Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
