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Date Published: 10/12/2021
ARCHIVED - Mercadona Spain to increase staff salaries in line with inflation
The CPI in Spain is expected to reach 5% by the end of 2021

Grocery giant Mercadona will become the first large company in Spain to attempt to reduce the burden on its staff caused by rising inflation, by increasing the salary of its 93,000-strong workforce on January 1.
The salary increase will reflect the rise in the Consumer Price Index (CPI) at the end of this year, which is expected to be around 5%.
“Mercadona, as it does and always has done, is going to increase the salary of its workers according to the CPI accumulated at the end of the year. Therefore, once we know it, we will proceed to apply it so that our workers do not lose purchasing power”, the company said in a statement.
Last month, financial experts warned against a widespread wage increase as they fear this will create a vicious cycle, pushing the price of household basics up even further.
However, Mercadona has argued that, as a “socially responsible company”, they have an obligation towards their staff to pay a living wage.
According to data from the National Institute of Statistics (INE), the CPI rose 0.4% in November compared to the previous month and placed its interannual rate at 5.6%, its highest level since September 1992, due to higher food prices and, to a lesser extent, the cost of petrol and diesel.
Image: Mercadona
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