Inflation & Prices
‘Paella Thursday’ Costs More in Spain as Rice, Shrimp Costs Jump
- While inflation is slowing, food prices continue to soar
- Costs of olive oil, vegetables and seafood rise sharply
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Paella, the ubiquitous dish that Spaniards especially love to eat on Thursdays, is costing more to prepare as prices for rice and seafood such as shrimp soar.
Bloomberg’s new monthly Paella Index shows the ingredients for the meal cost 15.2% more than they did a year ago. The price for rice has risen 15.3% in the past 12 months, while vegetables cost 14.6% more, contributing to the surge in the gauge, which crunches data from Spain’s National Statistics Institute to track key components of un clásico of Spanish lunch cuisine.