Spain’s Leading Food Retailer To Cut Prices Of 500 Basic Products
Spain’s leading supermarket chain, Mercadona, will lower the prices of at least 500 basic food products amid a cost of living crisis that had prompted the government to seek concessions from retailers.
The announcement comes a few weeks after Mercadona president and majority owner Juan Roig said his company, whose market share is nearly 26%, had had to raise prices “by a huge amount” to maintain margins through the food production chain.
The company said in a statement on Wednesday that after seeing that input costs were slowly easing, it decided to make price cuts that it expects will save €150 on average for customers this year.
The cheaper products include fresh fish, some cheeses and yoghurts, dried fruit, oil and household cleaning products, it said.
French supermarket chain Carrefour launched a campaign in September offering consumers a basket of 30 basic goods for €30, after Labour Minister Yolanda Diaz said she was seeking agreements with supermarkets to help impoverished families continue to eat healthily.
Although her proposal was met with scepticism from business groups and opposition politicians who viewed it as an attempt to regulate prices, Basque Country-based cooperative Eroski followed suit in March, lowering the prices of basic food products.
Related news
Carrefour sells Italian branch to NewPrinces Group
Carrefour has entered into a binding agreement with NewPrinces Group…
Read more >Albert Heijn discloses methane emissions in “world first” move
The grocery chain revealed its methane emissions accounted for approximately…
Read more >Carrefour Introduces Smart Shopping Cart System In Romania
Carrefour Romania has introduced what it claims is the country’s…
Read more >Related news
KSH: retail turnover in June exceeded the same period of the previous year by 3.0 percent and the previous month by 0.5 percent
In June 2025, the volume of retail sales increased by…
Read more >Even behind the three percent growth lies uncertainty: stores can’t breathe a sigh of relief
Although Hungarian retail sales increased by 3 percent year-on-year in…
Read more >NGM: retail turnover on an expanding path
According to data from the Hungarian Central Statistical Office, the…
Read more >