So far, the Spanish have been able to: they are preparing for a serious step in the stores from October

Published 2024년 8월 3일

Tridge summary

In 2023, the Spanish government temporarily exempted VAT for basic foodstuffs, including fruits and vegetables, due to high inflation in the previous year. This preferential rate was set to be maintained despite falling inflation rates. However, the government announced plans to increase the sales tax rate for these items gradually, starting from 2% in October and 4% in January, while the standard VAT rate remains 21%. A survey by Facua-Consumidores en Acción showed significant price increases for certain fruits like strawberries and oranges across eight large food chains between May and June. Although some prices remained stable, others like white seedless grapes, carrots, sliced mushrooms, red skin potatoes, and garlic saw price decreases compared to the previous year, despite the observed seasonal price increases.

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

Original content

In Spain, due to the inflation peak of 10.8% in 2022, a VAT rate of 0% was temporarily introduced in January 2023 for basic foodstuffs - and according to the government's decision, this also applied to fruits and vegetables. In the current inflation environment of around 3.8%, the Spanish government will maintain the preferential VAT rate for some time, but has already announced that it will return the sales tax to 2% from October 1st and then to 4% from January rate (the general level of VAT in Spain is 21%, but a discount rate applies to several product and service categories) - reports FruitVeB. Facua-Consumidores en Acción published the results of a survey in the past few days, which examined the evolution of prices in eight large food chains in the period from the beginning of May to June, and showed remarkable price changes. An average price increase of 50.9% was observed in the price of strawberries, but in the Eroski supermarket it was 90% (this was the largest among all ...

Source: Agronaplo