The Spanish food and beverage industry slows its growth for the second year due to inflation

The Spanish food and beverage industry sees its growth slowed for the second consecutive year due to inflation after closing 2023 with a production of 162,459 million euros, 2.6% less, according to data from the Economic Report of the Spanish Federation of Food Industries and Beverages (FIAB), reports EP. "The impact of inflation together with adverse climatic factors and an unstable global context pushes back the production of the sector, but we continue to be the first industrial sector in Spain," explained the general director of FIAB, Mauricio García de Quevedo, during the presentation. of the data. This scenario of rising prices has penalized consumption in Spanish households, which have been forced to contain their expenses and modify their consumption patterns. Thus, the report shows that the volume of consumption has fallen to 66,371 million euros, which represents 0.1% less, while the average expenditure per person in the home falls to 1,410 euros in relation to the same ...