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Economy

Which food prices could rise as war and heatwaves hit supplies?

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Economy

New UK PM touts 'cost of living government' with tax cut and £2 buses

Andy Burnham has used his first days in Downing Street to scrap the 5% VAT charged on household electricity bills and cap single bus fares in England at £2, telling his new cabinet that Britain now has a "cost of living government".

Economy

Resale homes in Spain rise 17.2% to the highest level in 21 years

The asking price of resale homes in Spain reached €3,133 per square metre in June, up 4% in the second quarter and 17.2% from June 2025 levels.

Economy

Heatwaves could drive Europe's food prices higher next year

While food inflation has eased across the eurozone, economists say this summer's extreme heat is now a bigger threat to next year's supermarket prices than the recent Iran war, as damaged harvests could outweigh the fading impact of higher oil and fertiliser costs.

Economy

Renting in Spain less profitable: 71% now prefer to buy

Seven in ten Spaniards now think it’s more worthwhile to pay a mortgage than to rent, as fears of a new housing bubble grow and the Housing Law is judged a failure.

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Economy

Air tourism pushes average rent in Spain up by €236

A new study by Transport & Environment finds a link between booming air tourism in seven European countries and soaring rents and house prices, though it does not in itself explain the full extent of the problem.

Lifestyle

Weddings in Spain in 2026 cost between €25,000 and €32,000

Two recent studies put the average cost of a wedding in Spain at between 25,000 and 32,000 euros. Nearly seven in ten couples spend more than planned, and 95% admit to financial stress. Housing is the major sacrifice that follows.

Business

AI boom sends Xbox, Mac and iPad prices soaring

Microsoft and Apple are raising prices for Xbox consoles, Macs and iPads as the AI boom sends memory chip costs soaring, with prices increasing by up to $300 (about €265) and as much as 25%, depending on the product.

Economy

Which European countries are the cheapest and most expensive?

From Iceland to North Macedonia, consumer prices vary dramatically across Europe. New Eurostat data shows where everyday goods and services cost the most — and why prices alone do not tell the full story.

Business

Apple CEO: Price rises ‘unavoidable’ amid AI boom

Tim Cook says Apple can no longer absorb soaring memory-chip costs driven by the artificial intelligence boom, signalling higher prices for consumers and raising concerns about broader inflation across the technology sector.

Economy

Inflation in Spain holds at 3.2% for third consecutive month

May’s CPI confirms the preliminary INE figures. Transport and holiday packages push prices up, while clothing and food fall. Core inflation rises to 3%.

Economy

Prolonged Iran war could push economies into recession, OECD warns

The war in the Middle East has dented economic growth prospects worldwide, with a more severe shock likely if no effective ceasefire is agreed before 2027, the OECD warned Wednesday.

Economy

Why are grocery prices still eye-watering, despite moderate inflation?

Food inflation has fallen sharply from its 2023 peak — but European grocery prices are nearly a third higher than before the pandemic, and the reasons they stay high are structural.

Economy

Not even inheriting a home: most Spaniards don't see it as an option

61% of Spaniards doubt they will inherit a home, as housing becomes harder to access. Inheritances grow in importance, yet only one in five sellers obtained their property this way.

Economy

Shipping fuel crunch raises fears of higher prices worldwide

Global shipping companies are bracing for fuel shortages and rising costs as the Iran war disrupts supplies of bunker fuel through the Strait of Hormuz.

Economy

Potato futures soar 700% in less than a month on Iran war speculation

Potato-linked financial contracts have risen over 700% in a few weeks, despite a current oversupply in Europe, due to speculative trading surrounding the volatile environment caused by the Iran war.

Economy

Energy prices drive up inflation in Germany, Spain before ECB decision

Inflation rose in both Germany and Spain in April, driven mainly by higher energy costs linked to global geopolitical tensions, keeping eurozone price growth above the European Central Bank’s 2% target.

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