Food Spending Figures Drop

ACCORDING to new statistics from the Ministry of Agriculture, Food and Environment we are spending less on food.  Increasing taxes, decreasing salaries and unemployment figures in Spain all play a part in our spending activity. 

The fall in spending figures, according to the Spanish newspaper El Pais, the amount of money spent on food dropped by 1.8% in October and a further 2.3% in September 2012.  The survey was compiled from data collected over a twelve month period.

Traditionally the food industry is one of the least affected during an economic crisis but as the figures reveal the decrease in spending, it is apparent consumers are seeking cheaper and lower quality options.

The sales tax on food increased last year from 7% to 10% resulting in affordable standard foods becoming less affordable for customers.

Mercadona, one of Spain’s biggest supermarket chains continues to lower its prices in order to offer customers the best value for their money.