Olive oil prices, now officially at 8 euros a litre, have surged by 150% over the past two years in Spain.
Vehicles loaded with olives backed up on the road to la Tafona olive press in Caimari.
Olive and sunflower oil bottles are displayed for sale, protected by a padlock and a chain to prevent theft in a Tu Super Suma s
Olive and sunflower oil bottles are displayed for sale, protected by a padlock and a chain to prevent theft in a Tu Super Suma supermarket in Malaga, Spain, October 23, 2023. REUTERS/Jon Nazca
In general terms, the price of food and drink has risen more than 10% in a year.
Inflationary pressures have eased, but negotiations with tour operators seem not to take this into account.
Spending has fallen by around 20%.
It is also due to moderation in the price of food and non-alcoholic beverages.
Fresh food prices have shot up in the Balearics.
Booze and fas have risen by over 10%.
The spike in the annual inflation rate in January breaks five months of moderation in the evolution of price increases after the peak of 10.8% reached in July.
Some good news for consumers.
Unions are holding out for ten per cent pay increases in 2023.
And tourist overcrowding, inflation, shortages and Rafa Nadal.
January 2023 will be even more expensive.
The consumers association questions why prices are continuing to rise.
Concern for 2023 because of uncertainties.
Milk is just one product that has become more expensive.
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