Recently I’ve had to do some research into the increasing cost of living in Spain. At the beginning of this year, there were significant rises in bills, utilities and foodstuffs here. Housing in Spain’s major cities is now already some of those most expensive in Europe and so Spain is no longer quite the bargain destination is used to be when it had the peseta. Whatsmore, wages have not risen anyway close to corresponding increases in the cost of living and some consumer groups are predicting that Spain could soon suffer the same sort of housing crisis that the US is currently suffering.
It seems that most of the recent price increases have been blamed on the increasing price of oil that has now reached over $100 a barrel. Others meanwhile blame it on the introduction of the Euro whilst others on decreasing EU subsidies or the government’s failure to control inflation and open-up the economy.
I know that other countries, such as the UK, have recently experienced big increases in bills and utilities and the oil theory has been blamed there too. Do you think the cost of living is going up dramatically in your country? And is this a clear sign of the oil crisis in Iraq finally hitting home economically or is it just a bunch of Bilderbergers sat in a darkened room with their calculators and cigars deciding what price fixing schemes they can come up with this year?