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Monday, September 30, 2024

The basic shopping basket falls by 3.27% waiting for the VAT increase

The basic shopping basket its price drops by 3.27%, which represents the largest decrease since the measure was implemented in January of last year to reduce VAT on certain foods and waiting for it to rise starting this Tuesday when this measure declinesaccording to Asufin.

Specifically, the two foods that have the greatest drag effect cause this drop in the shopping basket are bananas, with prices falling by almost 20%, and potatoes, by almost 15%and whole milk, but to a lesser extent, while the rest of the products remain stable, without major increases, except for apples and spinach, which increase by around 3%.

In the analysis by distribution chains, Carrefour is the one that applies the greatest reduction to the basket, 7%, followed by El Corte Inglés supermarkets, 2.9%; Alcampo, 2.5%, and Dia and Mercadona, which reduce their tickets by 1.9%, both, approximately.



The basic shopping basket falls by 3.27% waiting for the VAT increase

The association has recalled that since this Tuesday, VAT on milk, bread, fruits and other basic foods will stop being 0% and increase to 2%while that of olive oil will remain at that 2%. And in the case of pasta and seed oils (including sunflower oil), the tax will go from the 5% they currently had to 7.5%.

The current VAT is temporary and will remain that way until December 31, while with the arrival of the new year, the tax will rise again and return to its usual rate of 4% for basic foods and 10% in the case of pasta and seed oils.

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