The average price of cooking a torrija during Holy Week has skyrocketed by 72% in the last three years due to the rise in food prices, especially olive oil, making them “the most expensive in the history”, according to estimates made by EAE Business School.
Specifically, this typical sweet of these holidays has increased its price by 34% compared to February of last year, compared to 19.15% last year and 19.3% in 2022. A calculation that has been carried out using olive oil. olive and induction cooker or ceramic hob (electricity).
In this way, in the last three years, the price of making torrijas has grown by 72%, reflecting the increase in the shopping basket.
This typical snack is made with simple and everyday foods in many Spanish homes such as bread, eggs, milk, sugar and oil, which is why it concentrates the CPI index of basic products.
Specifically, February inflation, whose CPI rose 2.8% year-on-year, has had a special impact on the foods used to make French toast, highlighting olive oil, a regular part of the Mediterranean diet that has become a luxury item with an increase of 67% in the last year.
Likewise, eggs registered a price growth of close to 5% and that of sugar increased by 4.1%, while the price of bread increased by 2%. Among the ingredients in torrijas, only a very slight decrease in the price of milk has been recorded, with a drop of 1.1%.
Although the CPI for electricity and gas have decreased compared to 2023, by 7.7% and 21%, respectively, the decrease in these rates has not been enough to compensate for the increase in prices of these basic foods.
