OIL PRICE | Niño Becerra predicts what will happen in Spain with the price of olive oil

by time news

2023-09-24 15:15:00

Inside the shopping cart, the olive oil It is one of the products that most worries buyers, who have seen how its precio has multiplied in a matter of months. This has forced many families to resort to alternatives such as olive oil. sunflowercheaper items, although less warmth.

In a recent interview Santiago Niño Becerra on TV3, the prestigious economist has shared what his impressions about this problem and how this excessive increase in the cost of ‘liquid gold’ It could take its toll on us in the future. The central axis of this topic is once again the law of supply and demand: the transfer of customers from one product (olive oil) to another (sunflower oil) causes the price of the second to be increased for this increase in demanddirectly affecting the assumption saving of this change.

Loss of purchasing power

Related news

This, in turn, is related to a larger scale problem: the loss of purchasing power. Although it is true that countries exercise policies protectionists to raise the minimums of the most disadvantaged citizens, this brings with it a counterparty that comes back more convoluted this challenge. Already in his X profile (formerly Twitter), the professor of Economic Structure at the Sarriá Chemical Institute of the Ramon Llull University of Barcelona warned of this effect in the economy of our country, whose savings average (11.8%) is below the eurozone average between 2015 and 2019 (12.6%).

Likewise, the Barcelona native calculates that Spanish society has lost around a 4,6 % of purchasing power due to the inflationhe salt stagnationial or determined tax policies, among other reasons, reports the newspaper ABC. It should be noted that this is not just a problem at the national level, but rather is repeated in many neighboring countries under the guidelines of the European Union that, in one way or another, they see depleted its economy as time goes by. This, in turn, has effects on sectors such as turismo within our country, which has been considerably reduced due to these difficulties.

#OIL #PRICE #Niño #Becerra #predicts #happen #Spain #price #olive #oil

You may also like

Leave a Comment