The Prime Minister, Pedro Sánchez, has announced measures aimed at easing the price of people’s shopping baskets.
Sánchez, speaking at a press conference, said that, although Spain is managing to reduce inflation, the government has approved several measures to ease the high prices.
They include a six-month cut in VAT from four to zero percent for all staple foods and from 10 to 5 percent for oil and pasta.
The government said it will cut value added tax on essential foods such as bread, cheese, milk, fruit and vegetables and cereals to 0% from 4%. Pasta and cooking oils will have VAT slashed by half to 5%, Sanchez said.
In addition to the VAT reduction on certain products, which aims to cushion the impact of rising inflation, a 200 euro aid cheque for struggling families has also been approved.