Spain's euro price hike puts inflation to shame

10th March 2005, Comments 0 comments

10 March 2005, BARCELONA-A survey has revealed how prices have risen up to 50 percent since the introduction of the euro.

10 March 2005

BARCELONA-A survey has revealed how prices have risen up to 50 percent since the introduction of the euro.

The Consumer Price Index went up 9.4 percent from 2002 to 2005.

The official cost of living was higher in Catalonia, in north-east Spain, with prices rising 10.8 percent in the same period .

But, according to the survey for the Barcelona-based daily El Periodico, this price index hike does not reflect how prices really went up in the shops.

Its survey found that most products in the supermarkets became 20-30 percent more expensive between 2002-05 – or twice or three times the official rate of inflation.

The price of everyday goods like olive oil and potatoes has gone up 50 and 40 percent respectively.

The newspaper says Barcelona is the area of Spain where prices have gone up sharpest in the past three years – 11.2 percent.

Indeed, prices shot up so far that the regional government, or Generalitat, created its own commission to analyse the difference in the cost of living in this part of Spain and the rest of the country.

[Copyright Expatica]

Subject: Spanish news

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