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    What the Price of Iberian Ham Tells Us About Spain’s Economy

    Spaniards are shaking off one of the country’s worst downturns in decades and splurging on goods recently considered extravagant

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    RONDA, Spain—The latest sign of Spain’s bullish economic recovery?​A surge in ham prices that some are calling a bubble.

    Cheered by strong economic growth, Spaniards are shaking off one of the country’s worst downturns in decades and splurging on goods recently considered extravagant. That includes the ultimate Spanish gastronomic luxury: free-range, acorn-fed Iberian ham.

    On...