In August, the price of olive oil increased by 62.3 percent, extra virgin olive oil by 60.1 percent and extra virgin olive oil by 61.8 percent compared to the previous year. sunflower oil According to NIQ data, it reduced its price by 39.9%.
However, despite the increase in price, this product increased its volume by 5% due to a 40% volume increase in sunflower oil and extra virgin olive oil, compared to a 6% decrease in extra virgin olive oil. % olive.
According to the research conducted by the company, sugar continued to be among the products that caused the most inflation in August. It increased its price the most in a year previously up 33.4%; Petrol prices were 27.9% more expensive, while frozen vegetables and rice were 22.2% more expensive.
Other notable increases were increases in baby foods (+19.6%); mass consumption parapharmatics (+19.1%); traditional cheese (+15.7%); canned vegetables (+14.2%) and the price of ice creams and breakfast cereals were 14.2% higher.
Overall, Spaniards increased their shopping cart spending in August by 12% compared to the previous year, with a 2.7% recovery in sales volume and a 9.1% increase in average prices.
The sector with the most spending is food
Broken down into three main parts, Spain’s biggest expense in August was once again food. increase in sales It should also be noted that this is the category with the largest recovery in demand, with a 4.1% increase in sales volume.
While both pharmacies and perfumeries recorded more moderate increases in sales of beverages by 9.7% and 8.8% respectively, demand for beverages increased by 1.3%, while pharmacies and perfumeries increased sales volume by 1.3%. 2.2%.
Considering prices only, there was an increase of 9.3 percent in food, 7.4 percent in beverages, and 7.3 percent in pharmacies and perfumeries compared to August.
Demand figures are improving thanks to tourism
The demand shows an improvement in its figures compared to the previous year and is related to tourism; This is reflected in the sales volume of summer-related products such as facial care, with a 21% increase in sales volume. This is followed by sun protection with 13.7%, dietary products with 13.1% or pesticides with 7.6%.
But there are also products associated with summer meals and snacks, such as grated cheese (+15.2%), pasteurized feta cheese (+11.8%) or soft cheese (+10.4%). On the other hand, among the least demanded categories, mass market parapharmacy stands out, with a 20% decrease in August.
Retailer brands gain strength with 17.8% more sales
As for the difference between brands, a similar situation occurred as in previous periods and an increase in the sales value of the brands was observed. 17.8% distributorSales volume increased by 6.3% for manufacturer brands, compared to an increase of 8.1% for manufacturer brands, while decreasing by 0.9% for the latter.
Patricia Daimiel, NIQ’s managing director for Southern Europe, pointed out that consumers not only in Spain but around the world are facing “another year-end disrupted by the high cost of living”.