Food prices rose 0.7% in April, their thirtieth consecutive monthly increase.

food in April prices increased by 0.7 on a monthly basis, which led to an increase general inflation up to 3.3%, one tenth higher than the interannual level in March, the National Institute of Statistics (INE) confirmed on Tuesday. This is the thirtieth consecutive increase in food prices, which have been rising in price month after month without stopping since then. October 2021.

On an annual basis, food and non-alcoholic beverages were 4.7% more expensive than in April 2023

This meant year-on-year inflation accelerated from the 4.3% recorded in March.

Among the products that experience the highest year-to-year inflation rates are supermarket products such as olive oil (68.1% in April of this year is more expensive than in the same month last year), juices fruits and vegetables (17.3%) and fruits fresh or chilled (17.1%).

They also record high rates transport passengers by sea (16.8% more expensive than a year ago), license fees and subscriptions to television and radio networks (15.4%), national tour packages (13.4%) and electricity (10.2%). The latter is affected by the cancellation of the VAT reduction.

still today 96 out of 200 subclasses products consumed by families in Spain, inflation exceeds 2% – a level that the European Central Bank considers healthy – almost half.

He gas It was also responsible for price growth of 0.7% month-on-month across all consumer goods and services as it recorded its best performance in the same month last year.

Inflation underlyingwhich does not take into account energy or fresh food prices, held steady at 2.9% year on year, down four-tenths from March and the lowest level since November 2022.

“The gradual slowdown in inflation leads to increasing the purchasing power of familieswhich have already been restored pre-pandemic purchasing power with growth exceeding the growth rate of our main partners, according to the OECD certificate. Likewise, the competitiveness of Spanish companies remains with an increase in market share last year,” the Ministry of Economy noted.

However, they failed to mention that until the last quarter of 2023, Spain had not recovered real household disposable income since 2007, being the fourth OECD country that took the longest to recover this level.