When you make the purchase, it is very likely that you will be surprised, because the price of some foods has increased since todayTuesday October 1st. If you were planning to save on your weekly shop, you may need to rethink your list.
Why are the prices of various foods increasing?
The recent price increase is mainly due to finalization of exceptional measures implemented by the Government to fight inflation. Starting today, October 1st, VAT on several basic food products will increase from 0% to 2%meaning that prices on supermarket shelves will reflect this change.
These tax reduction measures were put in place in response to the economic crisis caused by the war in Ukraine and increasing production costs. During this period, many essential foods, such as milk and bread were able to remain at affordable prices. However, with the removal of these subsidies, the impact will be immediately felt in the pockets of consumers.
Additionally, the global economic situation continues to affect food prices. THE reduction in agricultural production, Logistical problems and increasing transportation costs have created an environment in which prices are more likely to fluctuate upwards. Although the prices of certain food products have started to stabilize in recent months, VAT increase will mark a new chapter in the cost of living in Spain.
These are the foods whose prices are increasing in all supermarkets
Below is a list of foods that will increase in price starting today:
VAT increase from 0% to 2%
- Olive oil: The liquid gold of the Mediterranean diet will see its cost increase significantly.
- Milk: A staple food for many families, especially the little ones.
- Bread: Fundamental on the Spanish table, its price will increase, affecting those who consume it daily.
- Eggs: A versatile food that will be used in countless recipes.
- Cheese: Dairy lovers will feel the hit of this increase in their wallets.
- Fruit: Essential source of vitamins.
- Legumes: A nutritious food and the basis of many diets.
- Tubers: Products such as potatoes and carrots.
- Cereals: A common food in many homes.
- Vegetables: Fresh and healthy products are also included in the list of increases.
- Bread flours: Used to make bread and other products.
VAT increase from 5% to 7.5%
- Pasta: A versatile and popular food that will now be more expensive.
- Seed Oil: Its daily use in cooking will also be affected by the increase.
If you plan to go shopping, be sure to take these price changes into account and plan your list based on new market realities.
