Inflation & Prices
Spain Extends Measures Put in Place to Ease Inflation Hit
- The value-added tax rate on basic food goods will remain at 0%
- Cabinet approved extension at a meeting in Madrid on Wednesday
Olive oil on sale at a supermarket in Barcelona.
Photographer: Angel Garcia/BloombergThis article is for subscribers only.
Spain extended some measures including lower tax on food that the government had put in place to shield households from a surge in living costs, even as inflation eased last month.
The value-added tax rate on certain basic food products will remain at 0% for the first six months of 2024, Prime Minister Pedro Sanchez said at a press conference in Madrid on Wednesday.