More expensive products than before in Spain because of war in Ukraine

Supply chain problems, increases in energy prices and raw material costs encourage the price of some important products in Spain. Here's the way the war in Ukraine can affect your food store and other daily costs.

Buying staple food products such as bread, milk or pasta can immediately hit the wallet people harder, because the Ukrainian crisis causes a disruption to the supply chain and increases energy bills.

Coming after inflation in Spain was accelerated in February to the fastest step in almost 33 years. This acceleration has pushed the prices of food, beverages, fuel and energy.

Here are products that tend to see price increases in the coming weeks:

Explained: How Spain Can Be Influenced by Russian Invasion to Ukraine

1. Wheat products such as bread and pasta

Russia and Ukraine are two top wheat exporters of the world. When Russian troops stormed Ukraine, global chain supply was given at risk and wheat prices jumped to the highest level since 2012.

A total of 65 percent of wheat imported into Spain came from Ukraine. Wheat prices have risen 25 percent in recent months, and in the past two weeks, has increased by 10 percent, according to antenna 3 news.

2. Gasoline

Russia is one of the largest energy producers in the world, and oil prices have surged since the beginning of the war in Ukraine, even though there are steps aimed at soothing markets.

Brent Crude - International benchmark for oil prices - reached $ 113 per barrel this week, taking it to the highest level since June 2014.

Gasoline and diesel prices have skyrocketed in recent weeks. In early February, gasoline reached a record high of € 1.53 / liter.

Since it continues to rise to € 1.60 / liter, while diesel is currently at € 1.49 / liter.

3. Electricity

The EU is the largest natural gas importer in the world, with the largest part of Russia (41 percent).

Gas prices have risen 60 percent in recent days. In Spain, it reached a historic highest at € 195 / MWH.

Electricity prices have risen 16.8 percent because of the crisis in Ukraine.

The Spanish government said that prices are expected to continue to increase, but there is no current threat to gas supply, because Russia is not one of the country's major suppliers.

4. Sunflower oil

Ukraine provides Spanish with lots of sunflower oil. About 63 percent of sunflowers imported to Spain come from Ukraine.

This may not look like the most important product, but many other food products contain sunflower oil.

5. Housing

The increase in fuel prices will have an overall impact on all products and commodities, resulting in construction costs for new buildings also increase.

Every year, landlords are permitted to increase rental prices according to inflation, which means renting can also be more expensive.

6. Meat, milk, eggs and other animal products

Russia is the main producer of world wheat plants, above the US and Canada. Grains are used to make animal feed, so that price increases indirectly can affect animal products such as human rights, eggs and milk.

"In ten days, raw material prices, such as wheat and corn, have risen between 30 and 60 percent," Jorge de alone, the Director of CESFAC (Spanish Confederation of animal food producers) told business insider.

Practically half of all corn imports to Spain, or, from Ukraine.