The cheapest daily menu in Spain is in the Canary Islands

by time news

2023-11-02 23:05:59

The cheapest daily menu in Spain is in the Canary Islands. The Archipelago is the only autonomous community in which the average price drops below 12 euros (11.9). And all this in a context in which the owners of restaurants that offer this type of service are juggling to reduce as much as possible a cost structure that has become more expensive than has been seen for more than twenty years.

Three out of four businesses (76%) interviewed by Edenred and Hostelería de España – authors of the survey on the evolution of the price of the daily menu in 2023 – acknowledge that during the last nine months they have had to give their clientele the displeasure of having to dig deeper into their pockets than in the preceding time.

However, the study confirms that business owners, the vast majority of whom are small, have racked their brains to avoid a massive flight of customers. In other words, have opted for bobbin lace so that competitiveness is not viera weighed down to the point of emptying tables that traditionally enjoy a high occupancy rate at meal time.

The increase is 2.5 points lower than the inflation of food and beverages

The average price of the daily menu in Spain is 13.2 euros, a sum that is 1.3 euros higher than that paid in the Islands and represents a growth of 12.6% compared to what existed in 2016 (11.7 euros). The increase compared to last year is 3.4% or, in absolute terms, 40 euro cents.

And what was happening in the meantime with the Consumer Price Index (CPI)? Only in the first nine months of the year – the survey collects behavior until September –, The food and non-alcoholic beverages group registered an increase of 5.9% throughout the State, according to data published by the National Institute of Statistics (INE).

The establishments therefore offset 2.5 points of that increase, always without reducing quality or quantity beyond what the clientele may consider tolerable and without attacking one’s own accounts, because no business is such if it does not report a profit to its promoter.

Greater adjustment in the Canary Islands

The Canarian hoteliers had it more complicated. Between January and September, the main purchases that give meaning to their work – those foods and drinks – increased in price well above the national average, 9.5%, meaning The maneuvers they had to do to cushion the impact have been much more complex. than in other autonomous communities.

Los starters based on lentils, salads and macaroni they reveal part of that bargaining that inflation has forced them to do. Cereals and their derivatives, such as pasta, have become more expensive by 6.7%, while legume and vegetable preparations have increased by 8.7%, in both cases below the 9.5% increase that record the food group.

The same thing happens when it’s time to serve the second course. The ones that are repeated the most on the boards are baked chicken, only 1.6% more expensive since January; fish, which has risen 2.5%, garnished with the vegetables already analyzed, and grilled beef fillet, a meat that is 5.3% more expensive. Again, all the increases are lower than those suffered by all foodstuffs as a whole.

Businesses turn to foods that have a more moderate impact on the CPI

This fine adjustment is what allows the Canarian daily menu to be the cheapest in the entire State. Also that when paying the indirect tax inherent to any consumption operation, the 10% of the peninsular and Balearic VAT (Value Added Tax) weighs more than the 6.5% of the IGIC (Canary Islands General Indirect Tax) with that transactions in the Islands are taxed.

All of this is also reflected in the brief analysis offered of behavior in large cities. The survey reveals the three cheapest and most expensive provincial capitals, and among the first It is a leader The Gran Canarian palms, with the same 11.9 euros as the entire autonomous community. Seville (12.3 euros) and Valencia (12.7) are next in the ranking.

At the opposite extreme, Barcelona (14.7 euros), Madrid (14.5) and Bilbao (14) offer the most expensive menus. Starting from the accepted theory that maintains that the value of goods and services is what customers are willing to pay, at work it is also observed that where average salaries are higher, hoteliers can tighten the screws a little more .

Las Palmas de Gran Canaria is the largest Spanish city where it costs the least to eat

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Santa Cruz de Tenerife does not appear, which places its average price at around 13 euros. This in turn reveals that There are many places in the Archipelago where eating a menu of first, second and dessert is cheaper than 11.9 euros that the autonomous community looks like.

After it is Asturias, the region that comes closest (12.2 euros) and the one opened by the club of those that manage to be below 13 euros. That group is completed by the Valencian Community (12.6), Aragón (12.7), Andalusia (12.8) and Galicia (12.9). Again at the opposite extreme are Catalonia (14.5 euros), the Basque Country (14.2) and Madrid (14). They are the only three autonomous communities in which those 13 euros are exceeded. They are also about to occur in the Balearic Islands (13.9) and Navarra (13.8).

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