The government has promised to ‘take the necessary measures’ after inflation rose by 6.1% in February.
This was the reaction of agriculture and food minister, Luis Planas after hearing that consumer price index numbers were moving in the wrong direction once again, following the 5.9% rise recorded in January.
Sr Planas said they will ‘study in depth’ the causes for the increase last month, after price rises had begun to be brought under control at the end of 2022.
The government measure to reduce or eliminate VAT (IVA) on basic food products, which came into force two months ago, has not managed to prevent the continued rise in the cost of many products at supermarkets.
Over the last year the prices of olive oil and milk have both gone up by 35%, according to a study carried out by public broadcaster RTVE.
Full report in Friday’s Costa Blanca News
