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The major providers have already announced price increases for their services. On average, mobile phone, internet and combination packages are set to become 5% more expensive. Self-employed people and small businesses that rely on stable connections will be particularly affected. It may now be worth comparing providers in order to save money.
With the end of VAT reductions for electricity and gas, tariffs are returning to pre-crisis levels. Electricity tax is rising from 5% to 21%, while gas prices are also increasing by up to 10%. The new bills will be particularly noticeable in households with high energy consumption.
The reduced VAT rate on staple foods such as bread, milk and fruit will be abolished. The result: an average price increase of 5-8%. Households on a tight budget will be particularly hard hit. Weekly shopping will require more planning in future and may mean having to do without certain products.
The price of stamps is rising by 10%, from €0.80 to €0.88. This may hardly be noticeable for private individuals, but small businesses that continue to rely on postal services could feel the impact of this increase.
The rising costs are unavoidable, but a few simple measures can mitigate the impact:
• Compare tariffs: Switching providers can lead to savings in both telecommunications and energy.
• Increase energy efficiency: LED bulbs, energy-efficient appliances and awareness of everyday consumption help to reduce electricity bills.
• Plan your shopping: Take advantage of special offers, buy seasonal products and check out local markets – this saves money and supports the community.
2025 will bring financial challenges for many citizens, but it will also encourage them to think about their own consumption and plan their finances wisely. Information and help on ways to save money can be found on the official websites of the providers or the consumer advice centre at www.consumo.gob.es (The Great War).
With a little planning and patience, the cost increases can be mitigated – even if 2025 will leave its mark on your wallet.