# Carrefour unveils 30 euro shopping basket in Spain after government price cut proposal
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-09-08
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Carrefour offers 30 basic goods for 30 euros in Spain
Meta Description: Carrefour responds to Spain's inflation concerns by providing affordable basic goods package. Labour Minister aims to support struggling families.
URL: https://financedigest.com/carrefour-unveils-30-euro-shopping-basket-in-spain-after-government-price-cut-proposalhtml

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MADRID (Reuters) – Supermarket chain Carrefour will sell Spanish consumers a basket of 30 basic goods for 30 euros, the company said on Wednesday, days after Spain announced it was considering asking big retailers to offer special price packages to mitigate inflation.

The government’s announcement was met with criticism by Spanish business groups and some politicians who view the move as the government engaging in price intervention.

Labour Minister Yolanda Diaz, who announced she was seeking agreements with supermarkets on Monday, has denied these criticisms, saying it will help impoverished families continue to eat healthily.

Diaz, one of Spain’s three deputy [prime ministers](https://www.financedigest.com/liz-truss-resigns-after-six-weeks-as-uk-prime-minister.html "Liz Truss resigns after six weeks as UK prime minister") and the most senior government official from its junior, far-left coalition partner Unidas Podemos, told Spain’s Eldiario.es news outlet an agreement would determine a basket of basic products in which they can set prices.

French retailer Carrefour – the second-largest grocery chain in Spain after dominant Mercadona – said it [hoped to bolster](https://www.financedigest.com/hopes-of-slowdown-in-rate-hikes-bolster-shares-ahead-of-u-s-gdp.html "Hopes of slowdown in rate hikes bolster shares ahead of U.S. GDP") the purchasing power of Spanish families. The exclusive basket offer will include tinned food, pasta, oil and coffee [among other products](https://www.financedigest.com/skin-lightening-products-remain-sought-after-among-women-who-continue-to-account-for-80-of-sales-study.html "Skin Lightening Products Remain Sought-after among Women, who Continue to Account for 80% of Sales: Study").

The main employers’ association, the CEOE, denounced Carrefour’s move as “soviet,” while Spain’s agriculture minister, a member of coalition leader Socialist Party (PSOE), said under European law, [price interventions could only be adopted in regulated markets](https://www.financedigest.com/german-residential-property-market-faces-risk-of-price-drop-diw-study.html "German residential property market faces risk of price drop – DIW study"). The agri-food sector has [called for a food tax](https://www.financedigest.com/german-industry-calls-for-delay-to-global-minimum-tax-bdi.html "German industry calls for delay to global minimum tax – BDI") reduction.

Diaz told journalists on Wednesday she had never mentioned price interventions, but rather “an agreement between [retailers and consumer](https://www.financedigest.com/france-leans-on-retailers-to-help-consumers-cope-with-food-prices.html "France leans on retailers to help consumers cope with food prices") and user associations to do something… completely legal.”

Government spokesperson Isabel Rodriguez said on Tuesday the government [backed](https://www.financedigest.com/uk-lenders-trial-government-backed-loans-for-risky-borrowers.html "UK lenders trial government-backed loans for risky borrowers") Diaz speaking to supermarkets.

[Inflation hit](https://www.financedigest.com/uk-shop-price-inflation-hits-record-8-in-january-brc.html "UK shop price inflation hits record 8% in January: BRC") 10.3% in August in Spain. In July, flour marked a [price rise of almost 40%, and pasta, eggs or milk exceeded price increases](https://www.financedigest.com/syngenta-4q-profit-falls-as-raw-material-prices-increase.html "Syngenta 4Q profit falls as raw material prices increase") of 22%.

Carrefour and Diaz will meet on Thursday, and Diaz will meet [retailers’ associations and consumer](https://www.financedigest.com/uk-retailers-must-leverage-the-appeal-of-brand-britain-to-entice-chinas-growing-population-of-wealthy-consumers.html "UK retailers must leverage the appeal of ‘Brand Britain’ to entice China’s growing population of wealthy consumers") groups on Monday.

In August, [Carrefour said it was freezing the price of 100 products](https://www.financedigest.com/french-retailer-carrefour-to-freeze-prices-on-100-products-to-tackle-inflation.html "French retailer Carrefour to freeze prices on 100 products to tackle inflation") in France, from tinned sardines to rice and washing up liquid.

Spain’s government has already committed 30 [billion euros](https://www.financedigest.com/eu-seeks-clarification-on-italy-post-covid-plan-freezes-19-billion-euros.html "EU seeks clarification on Italy post-COVID plan, freezes 19 billion euros") to measures aimed at high energy costs such as with fuel rebates and VAT reductions for gas and electricity.

In June, Spain capped the [price of gas used to produce](https://www.financedigest.com/strained-supply-chains-keep-u-s-producer-prices-hot.html "Strained supply chains keep U.S. producer prices hot") electricity, a move now being studied for replication in the rest of the bloc’s countries.

Another popular measure has been the launch of free [rail passes and discounts on public transport](https://www.financedigest.com/chevron-considering-rail-transport-for-kazakhstan-oil-ceo-says.html "Chevron considering rail transport for Kazakhstan oil, CEO says") in cities.

(Reporting by Belén Carreño and Emma Pinedo; Edited by Aislinn Laing and Josie Kao)


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