Alarming statistic shows families struggling to afford life in Mallorca
More than 30% of people living on the Balearic Islands cannot afford to live there, according to new research. An Economic and Social Council (CES)
Explainer: The Spanish government’s latest tax plans
With regional elections approaching, governments in Spain’s autonomous regions have recently been announcing tax cuts, mostly for the wealthy and some for lower-income households. According
Home repossessions in Spain fall for first time in nearly two years
HOME repossessions in Spain caused by mortgage payment defaults have fallen for the first time in nearly two years. Figures released on Wednesday by the
Spain looks to introduce low-cost shopping basket containing up to 30 basic foods
A senior government minister wants to set the price of up to 30 basic foods to create a low cost shopping basket. Labour and Social
Spain’s inflation rate shows surprise small fall in August
INFLATION in Spain stood at 10.4% in August- a 0.4% drop on July’s rate according to figures released on Tuesday by the National Institute of
Spain announces details of new windfall tax on banks and fuel companies
SPAIN’S government has announced details of its new windfall tax on banks and fuel companies which aims to bring in €7 billion into state coffers
Pedro Sanchez announces surprise windfall taxes on banks and energy companies in Spain
BANKS and energy companies in Spain are to be hit with new ‘temporary’ windfall taxes. The surprise announcement was made in Congress on Tuesday by
Inflation rate busts 10% mark in Spain for first time since 1980s
INFLATION in Spain has broken the 10% barrier for the first time since April 1985, according to figures published on Wednesday by the National Institute
Don’t take the biscuit!: Wheat shortage due to Ukraine war leads to price rises in Spain
Ordinarily, Spain imports much of its wheat and similar grain-crops from Kiev. However, the availability of this has been impeded due to the war in
Pedro Sanchez hints that power bill tax cuts and fuel subsidies will continue in Spain beyond June 30 end date
SPAIN’S Prime Minister, Pedro Sanchez, says the country’s Finance Ministry is reviewing current crisis measures which are due to expire on June 30. Sanchez hinted
Inflation rate in Spain unexpectedly rises to 8.7%
INFLATION rose in May after falling in April, according to figures from the National Institute of Statistics(INE). Advanced data showed May’s Consumer Price Index(CPI) at
Spain’s annual food shopping bill predicted to rise by average of €200 this year
ANNUAL food shopping basket costs are expected to rise by €200 in Spain this year according to the latest Allianz European Food Inflation report. The
Spain threatens oil companies as filling station prices continue to spiral upward
SPAIN’S Finance Minister, Nadia Calviño, has blasted a warning to oil companies who are hiking petrol pump prices despite a 20 cent per litre subsidy
Spain’s annual inflation rate falls more than expected due to lower fuel prices but food costs rise
SPAIN’S annual inflation rate dropped to 8.4% in April according to figures published on Thursday by the National Statistics Institute(INE). The 1.4% drop on the
Reduced power bills coming to Spain after it makes EU deal to slash wholesale electricity prices
WHOLESALE electricity prices in Spain will be capped for a year starting from May. Based on current wholesale rates, the move would produce an estimated
Industrial production prices in Spain soar by over 40% in February in biggest rise since records began
INDUSTRIAL production prices in Spain notched up a record annual rate for the fifth successive month in February according to figures released on Friday by
Striking lorry divers in Spain face police clampdown over violent picketing
SPAIN’S government is mobilising over 15,000 police officers to crack down on violent pickets among striking truck drivers. Protests this week have seen drivers block
Spanish fashion retailer Inditex known for brands like Zara and Bershka says prices will rise by 2%
SPANISH fashion giant Inditex says prices will go up by 2% across its domestic stores this spring and summer due to inflation. Inditex, who are
Spain’s inflation rate soars with effects of Russian sanctions still to bite
SPAIN has recorded its biggest annual inflation hike since 1989 according to figures released on Monday by the National Statistics Institute(INE). Preliminary numbers for February
Spain’s new national minimum wage rises to exactly €14,000 per year
THE national minimum wage in Spain has gone up to €1,000 per month, with the rise backdated to January 1. An agreement was reached between
Spain’s annual inflation rate falls for first time since February 2021
INFLATION in Spain fell in January according to figures produced on Monday by the National Statistics Institute(INE). The INE says that January’s rate was 6%
IN PICS: Why angry workers are taking to the streets in Cadiz in southern Spain
ANGRY protests have become a daily occurance in Spain’s southern city of Cadiz in recent days as workers take to the streets to demand higher
Inflation soars to highest level in Spain for 29 years due to rising fuel prices
INFLATION skyrocketed to an annual 5.4% rise in October according to Spain’s National Institute of Statistics(INE). It’s the highest level in 29 years and is
Inflation rate in Spain soars back up to the days of the peseta
SPAIN’S inflation rate has soared to 5.5% due to steep energy price rises. Figures from the National Statistics Institute(INE) for October were 1.1% higher than
Pedro Sanchez promises ‘immediate’ minimum wage rise for workers in Spain
SPAIN’S government is looking for an ‘immediate’ increase in the minimum wage to protect workers from rises in inflation. Prime Minister, Pedro Sanchez, made the
Inflation… where?
It's like trying to find a needle in haystack, writes Mark Rickard