The Spanish Prime Minister presents the Sustainable Economy Law to Congress

The Spanish Prime Minister has been in Congress today to speak about the new Sustainable Economy Law which has planned changes over the next ten years, and he found time to comment on the latest unemployment figures which showed 60,593 joining the dole queue in November. The number is three times lower than the increase seen in November 2008, but the Prime Minister admitted that it was far too high.

Prices showing signs of increasing again

The average shopping basket fell in price by 4% over this year, but the numbers show that prices had started to rise again in the last quarter, where an increase of 0.8% has been noted.
The latest data from the Ministry for Industry’s Price Observatory shows Huelva to be the cheapest city in Spain and Pamplona to be the most expensive. It also indicates that Mercadona and Carrefour are the cheapest places to shop, while El Corte Inglés, Hipercor and Supercor are the most expensive. The observatory checks 187 products in 4,124 establishments in 56 of the largest cities in Spain.
A similar increase in recent prices has also been noted across the Eurozone.

Zapatero addresses The Economist Magazine Forum in Madrid