Spanish Households Brace for Increased Costs as School Year Approaches
Spanish households prepare for increased school expenses amid rising inflation pressures.
Key Points
- • 69% of Spaniards need to adjust their budgets for back-to-school expenses.
- • The shopping basket cost remains 16% higher than in 2021.
- • Increasing prices are challenging household financial stability.
As the new school year looms, Spanish households face mounting financial pressure, with 69% of the population anticipating the need to adjust their budgets. This shift comes as families brace for rising education-related expenses amidst ongoing inflation. In fact, the cost of the shopping basket has stabilized, yet it remains 16% higher than it was in 2021. As inflation continues to linger, Spanish families are adapting to new economic realities to meet the demands of school-related expenditures.