Food costs in Spain soaring ...News

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Food costs in Spain soaring
Prices reached a nearly 20-year high in December, official statistics show The cost of food in Spain rose at a record pace in December, jumping 15.7% year-on-year, according to data released on Friday by the country’s National Institute of Statistics. Prices reached the highest level since the current measurement system was introduced in 1994, according to the agency. The largest growth was recorded in prices of sugar, milk, butter, olive oil, soft drinks, flour, and other cereals. Meanwhile, overall inflation in the country slowed last month to 5.7%, from 6.8% in November, amid a drop in electricity and fuel pric

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