The price of food and non-alcoholic beverages rose at a slightly decreasing rate in Spain
The slowdown in consumer price increases is primarily attributable to the base effect, energy prices fell in March this year, compared to the sharp rise seen in March of the previous year, which was caused by Russia’s invasion of Ukraine.
The annual inflation rate in March was the lowest since August 2021, mainly due to falling electricity and gas prices, as well as transport costs. The price of food and non-alcoholic beverages rose at a somewhat decreasing rate, by 16.5 percent in March, compared to 16.6 percent a month earlier. The prices of home furnishing and household equipment, restaurants and hotels, as well as clothing and footwear also increased at a decreasing rate. On the other hand, the prices of alcoholic beverages and tobacco products rose at an accelerating rate, and inflation also accelerated in the field of recreation and culture in March.
In March, consumer prices rose by 0.4 percent in line with the preliminary estimate compared to February, when a monthly increase of 0.9 percent was registered.
Related news
Margin is very much not profit
The government announced that it would introduce a margin cap…
Read more >Despite global challenges, SMEs are still looking for breakthrough points in 2025
According to economic forecasts for 2025, businesses will face a…
Read more >Margin freeze versus VAT reduction: a solution to inflation or a field for political debate?
The government has been implementing a margin freeze since mid-March,…
Read more >Related news
You can apply for the Value and Quality Grand Prix Trademark until May 29th!
This year’s Value and Quality Award Competition was announced in…
Read more >Rossmann made Women’s Day more beautiful for women in need
In 2025, Rossmann celebrated Women’s Day together with, among others,…
Read more >Auchan celebrates St. Patrick’s Day with discounted Irish beers
Domestic beer consumption has shifted towards quality instead of quantity,…
Read more >