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Maspalomas 24h | Newspaper of Maspalomas and Southern Gran Canaria
Inflation shoots up in February and exceeds 6%

Inflation shoots up in February and exceeds 6%

CRISTIAN SANCHEZ Tuesday, February 28, 2023

The month of February records the highest price data since November of last year after two consecutive months of increases

 

Inflation continues its upward trend with a beginning of the year marked by rising prices in January and February. The National Statistics Institute points to the increase in electricity and food as the main factor in this rise in the indices.

 

The Government has not commented on the possible implementation of new measures to alleviate this increase, such as the reduction in VAT on some foods that was implemented in the peninsula, and it is not expected that they will do so in the short or medium term. The Executive itself trusts that in the coming weeks prices will begin to settle and thus the increase that inflation has experienced in these first months of the year will be curbed.

 

This matter has once again led to a division in the coalition government, which after public confrontations over the law of only yes means yes, now once again show contrary positions about the measures that should be taken so that inflation affects as little as possible. the citizenship. Although the PSOE considers the VAT reduction on some foods sufficient as a measure to alleviate the effects of the price increase, Unidas Podemos considers that this measure has been a failure and that the price of a series of basic foods should be capped. in order to reduce the price of the shopping cart.

 

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