There is a bit of good news for consumers as major shopping chains in Spain have promised to absorb the impending 3% IVA (VAT) increase.

Supermarket giant Mercadona, which claims 90% of its more than 8,000 lines have kept the same prices from a year ago, is the latest to announce it will not pass on the IVA increase to customers, joining other big names including, Inditex, Eroski, Carrefour, Lidl, Mango, H&M and Corefiel.

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