Inflation swells Spain's 'hunger queues' | Business

But with the cost of living soaring across Europe, the 44-year-old father of three is one of a growing number of people in Spain turning to food banks to make ends meet.

Every Saturday Ramirez, who is from Venezuela, comes to this food bank set up by a neighbourhood association in the working-class district of Aluche during the pandemic to pick up food supplies.After paying their monthly rent of 800 euros and 300 euros for utilities"there is not much left," he said.Similar lines, dubbed"hunger queues", can be seen regularly outside of other food banks across the country.

Behind him dozens of other volunteers are busy at work, surrounded by boxes of pasta, canned goods and baby diapers. "With inflation, we are seeing a decrease in donations" since people have less money, said the spokesman for the Spanish Federation of Food Banks, Luis Miguel Ruperez.The federation collected 125 000 tonnes of food since January, compared to 131,000 tonnes during the same time last year.

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Inflation targeting is still necessary: Economist - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Economist Kevin Lings says the South African Reserve Bank’s inflation targeting is still necessary although many ordinary South Africans find it irrelevant.
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Battered consumers go for cut-price air fryers, milk and toilet paper on Black Friday | BusinessReeling from rising interest rates and rocketing inflation, consumers poured into the stores of SA’s biggest retailers on Black Friday looking for the best bargains to stretch their battered wallets. | News24_Business _Business At least they poured in this time and paid! Not like last year! _Business Things can’t be that bad if people poured into stores to buy shit they don’t necessarily need! 🤷🏻‍♂️ _Business To save money, you gotta buy more stuff! Yep, perfectly makes sense.
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