The annual inflation rate stood at 3.2% in May, nine tenths lower than that registered in April and the lowest in almost two years, due to cheaper fuel and the lower rise in food and non-alcoholic beverages , as confirmed by the National Statistics Institute (INE).
That price drop was also noted in the shopping cart. Food inflation moderated to 12%, thus falling back to the level of a year ago thanks to the drop in the monthly price of milk, cheese, eggs, fish and shellfish, and the stability of bread and cereals .
However, the renowned economist Santiago Niño-Becerra questions the real impact of this drop in prices on the pocket of consumers. “What nobody is talking about yet is what impact tourism will have on food prices,” he explained on the TV3 program Tot es mou.
Niño-Becerra recalls that the administrations anticipate a record summer in the arrival of tourists to our country: “Of course, these people will consume.” In his opinion, this may lead to higher food prices, although he does not specify which one.
“And I’m not talking about Christian Dior bags, huh. I’m talking about people’s day-to-day lives,” he insisted in his analysis.
The economist also warns that there is a problem with the price of housing. Specifically, with the rental of flats. “These days you can’t find anything on the Spanish coast that doesn’t drop below 1,500 euros for a week,” he recalled, citing recent data from the Idealista portal.
