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ARCHIVED - Average price of shopping in Spain goes up by 3 per cent in a year
Olive oil and fizzy drinks are the products which have increased most in price
The cost of an average shop at the supermarket in Spain was 3% more expensive in January 2022 than the same month last year, reaching a price of 50.56 euros, according to the latest monthly consumer barometer from market research company IRI.
The study refers to prices before the outbreak of the war in Ukraine, and since then the cost of produce in stores has increased noticeably, with some shops even temporarily running out of stock due to supply chain issues.
According to IRI, all products in the average consumer’s shopping basket increased price in January, with the biggest rises in olive oil, which is almost 20% above the cost in 2021, and soft drinks like Coca-Cola, which is 9.2% more expensive.
Hygiene department experiences the biggest price hike
By department, the growth in perfumes and hygiene products stands out, with a price increase of 15% after demand has increased by 15.4%.
The rest of the departments showed a negative performance in January in terms of demand, except for pharmaceuticals, whose growth was practically negligible.
Large supermarkets becoming more popular
As usual, large supermarkets are the preferred place to shop, with a market share of 54.1%, while medium-sized supermarkets continue their downward trend (-9.2%), mostly because the bigger chains can afford to offer lower prices to shoppers.
In hypermarkets, sales with discounts and promotions account for 40.9%, 3.8% more than in the same rolling year of 2021.
In the case of the large supermarket, this figure remains constant (17.2%), while in the medium and small supermarkets the share of promotions grew by 1% and 0.5% respectively.
Image: Archive
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