Prices

13/09/2022. General view of the interior of a Mercadona supermarket in Spain. Photo: The Nomad Today.

Economy & Business

CONSUMER PRICES

September inflation in Spain moderates and falls to 9%

The Nomad Today 9/29/22

This is mainly due to the year-on-year drop in electricity prices, which rose in September 2021

30/08/2022. Spanish prime minister Pedro Sanchez with the German federal chancellor Olaf Scholz during a recent meeting in Germany. Photo: La Moncloa/Flickr.

Economy & Business

ENERGY CRISIS

Spain to lower VAT on gas from the current 21% to 5%

The Nomad Today 9/1/22

This reduction of VAT on gas is one of the measures recently proposed by the leader of the People's Party (PP), Alberto Núñez Feijóo, which was vehemently rejected only the day before by the PSOE…

06/27/2022. The First Vice President and Minister of Economic Affairs and Digital Transformation, Nadia Calviño in the press room at the end of the meeting of the Council of Ministers. Photo: La Moncloa.

Economy & Business

INFLATION

Consumer prices mark the biggest rise in 37 years in Spain

The Nomad Today 7/1/22

The increase is higher than expected by economists

Economy & Business

ENERGY CRISIS

Spanish producer prices increase sharply in May

The Nomad Today 6/28/22

Producer prices advanced 43.6% on a yearly basis in May, after climbing 44.5% in April

Spain

ENERGY CRISIS

Spanish government looks to halve VAT on electricity as prices climb

The Nomad Today 6/22/22

At the suggestion of Labour Minister Yolanda Díaz, the government is also now considering a special payment of €300 ($315) per person for all families who are in need

02/28/2022. Finnish Prime Minister Sanna Marin at a press conference on Monday. Photo: © Lauri Heikkinen/Vnk.

World

ECONOMY

Finland's inflation hits highest level since February 1990

The Nomad Today 6/14/22

Prices for food and non-alcoholic beverages surged 9.04% in May from a year ago, and those for utilities rose 8.22%

A fresh food market in Palma. Photo: Pixabay.

Economy & Business

CONSUMER PRICES

Inflation in Spain rises as estimated as food prices soar 11%

The Nomad Today/dpa 6/11/22

Transport prices surged 14.9% from the last year and housing cost advanced 17.5%

11/05/2022 Prime Minister Pedro Sanchez (L) and Minister of Economic Affairs Nadia Calvino during question time in Parliament. Photo: Eva Ercolanese/PSOE.

Economy & Business

CONSUMER PRICES

High inflation spreads to all goods and services in Spain

The Nomad Today 5/13/22

The main source of concern amid the current inflationary drift is that it does not only affect energy and groceries

29/03/2022. The First Vice President and Minister of Economic Affairs and Digital Transformation, Nadia Calviño, appears before the media, at the press conference after the Council of Ministers. Photo: La Moncloa.

Economy & Business

CONSUMER PRICES

Spanish inflation moderates to 8.4% in April due to fuel discount

The Nomad Today 4/28/22

Not everything was a slowdown, the prices of food and non-alcoholic beverages continued their upward trend

Woman-engineer-factory-production-plant-team-work-by-pexels

Economy & Business

ECONOMY

Spanish producer price inflation logs strongest pace since 1976

The Nomad Today 4/25/22

Producer price inflation (PPI) advanced to 46.6% in March, from 41.2% in the previous month

woman-shopping-cart-City-Market-food-store-by-foreigner.fi

Finland

CONSUMER PRICES

Finland inflation accelerates sharply in March

The Nomad Today/dpa 4/14/22

Inflation was driven by increases in the prices of electricity, petrol, diesel, and capital repair on detached houses from one year ago

05/04/2022. The First Vice President and Minister of Economic Affairs and Digital Transformation, Nadia Calviño, at the press conference after the Council of Ministers. Photo: La Moncloa.

Economy & Business

ECONOMY

Electricity price soared 108% in Spain, driving inflation to 9.8%

The Nomad Today 4/13/22

Significant increases were also recorded in the prices of fish and shellfish, legumes and vegetables, milk, cheese and eggs, and meat

25/03/2022. Prime Minister Pedro Sanchez, offered a joint press conference with the Prime Minister of Portugal, Antonio Costa, at the end of the European Council. Photo: La Moncloa.

Economy & Business

ENERGY CRISIS

Spain and Portugal want to cap the price of gas at 30 euros per MWh

The Nomad Today 4/1/22

Limiting the price of gas would have an immediate reducing effect on electricity prices, since both are linked in the European energy market

18/03/2022. Spanish Prime Minister Pedro Sánchez, during his meeting with the Prime Minister of Italy, Mario Draghi, the Prime Minister of Portugal, António Costa, and the Prime Minister of Greece, Kyriakos Mitsotakis. Photo: La Moncloa.

Economy & Business

ENERGY CRISIS

Spain backtracks limiting price of electricity to 180 euros per MWh

The Nomad Today 3/22/22

Prime Minister Pedro Sanchez has been on a tour of several European capitals to try to gather support for his bid to decouple the price of electricity from that of gas