Spain: Prices of food and beverages rose 0.3% in April

Published 2021년 5월 14일

Tridge summary

The Consumer Price Index (CPI) increased by 2.2% annually and 1.2% monthly in May, with food and non-alcoholic beverages having a negative impact due to falling fruit prices. Prices for alcoholic beverages and tobacco remained the same. Over the first four months of the year, food and non-alcoholic beverages prices rose by 1.3%, and alcoholic beverages and tobacco by 0.6%. The most significant annual price increases were seen in sheep meat, mineral water, soft drinks, and juices, while the largest cuts were in fresh and frozen fish, canned fruits, and nuts.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The general Consumer Price Index (CPI), released this Friday, grew 2.2% annually and 1.2% monthly. Alcoholic beverages and tobacco registered a 0.1% drop in prices compared to April 2020 and remained unchanged compared to March. In the first four months of the year, the rise in prices was 1.3% for food and non-alcoholic beverages; and 0.6% for alcoholic beverages and tobacco. Food and non-alcoholic beverages were one of the groups with the greatest negative influence on the general CPI, with more than one point below the annual variation in March, due to the decrease in fruit prices, which rose in April last year. With less influence, the prices of legumes and vegetables and fish and shellfish rebounded more in 2020 than this month, according to the INE. The largest annual increases in food and beverage prices corresponded to sheep meat (+ 6.4%); mineral water, soft drinks and juices (6.1%); and oils and fats (+ 4.3%); while the biggest cuts were those of fresh and frozen fish ...

Source: PEefeagro