Food prices shoot up ahead of Christmas

The price of many foods has increased seven times more than the inflation rate ahead of the Christmas season according to state statistics agency INE. INE tracks the price of 38 basic foodstuffs, and reports that 33 of them have seen prices increasing 1,7% during November alone. But it’s part of a tendency for 2015 that has policy makers worried. Olive oil costs 28,3% more this year than in 2014. Potatoes have increased 13% and Continue reading Food prices shoot up ahead of Christmas

Food prices shoot up ahead of Christmas

The price of many foods has increased seven times more than the inflation rate ahead of the Christmas season according to state statistics agency INE. INE tracks the price of 38 basic foodstuffs, and reports that 33 of them have seen prices increasing 1,7% during November alone. But it’s part of a tendency for 2015 that has policy makers worried. Olive oil costs 28,3% more this year than in 2014. Potatoes have increased 13% and Continue reading Food prices shoot up ahead of Christmas