Prices drop

August 20, 2009 at 10:38 (fuengirola, News) (, , , )

WHILE the recession continues to bite, shoppers are at least getting more for their money, according to new figures.

In a positive economic study, the cost of a typical grocery shop in Spain has fallen by 3.4 per cent between April and June.

The study by the Ministry of Industry, investigated the prices of 187 purchases across 35 of Spain’s biggest supermarkets.

Findings show the biggest falls with own-brand and discount items, with only a 0.8 per cent drop in named-brand goods.

Shoppers in Malaga have even more reason to celebrate, with a drop of 4.5 per cent making the province one of the cheapest in the country.

“Spain’s Secretary of State for Commerce, Silvia Iranzo, indicated increased competition as a reason.”

On the release of the findings, Spain’s Secretary of State for Commerce, Silvia Iranzo, indicated increased competition as a reason.

“The economic situation has driven all the grocery outlets to reduce the cost of food products,” he said.

Source: The Olive Press

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