VAT in Spain is going up from tommorrow!
Oh dear, I hope I can squeeze into Mercadona this evening and buy all the ingredients I need for tomorrow’s party. The increase list seems quite long. Apart from basic foodstuffs, everything will go up by 2-4%. Will this increase be borne by the consumers only? Or will there be some retailers who are generous enough to absorb the increase? I’m not positive about that.
Personally, the impact will be tangible in supermarkets, casual journeys (train, hotel & flight), Zara, Mago, El Corte Ingles, etc., you know what I mean. Sigh.