Prices rose in February in the Canary Islands by 0.5% compared to January, one tenth more than in the rest of the country, which places the annual inflation rate in the islands at 2.2%, the lowest in Spain.
According to data published this Friday by the National Institute of Statistics, inflation in Spain stood at 3% at the end of February, after the Consumer Price Index (CPI) increased by 0.4% during that month.
In the Canary Islands, all sectors that make up the CPI became more expensive last month, except for clothing and footwear, where they fell by 1.5% due to the effect of winter sales, and education and household goods, where they remained unchanged.
Above all, transport (a category that includes fuel) and leisure and culture became more expensive, with prices rising by 0.8%; alcoholic beverages and tobacco, communications and the other services section, 0.7%; and food, hospitality and medicine, which rebounded 0.4%.
In the last twelve months, the most inflationary sector of the economy is housing, which includes electricity, which has become 8.2% more expensive, followed by the other services group, with 3.6%; and hospitality and tourism, with 3.1%.
The prices of alcoholic beverages and tobacco and communications have also increased in the last year, 1.9% in both cases; medicine, 1.2%; leisure and culture, 1.1%; and food and transport, 1.0%.
On the other hand, clothing and footwear (-2.3%) and household goods (-0.4%) are cheaper than in February 2024.
Canary Islands closed February with the lowest annual inflation in the country
Prices have risen especially in housing. There are also products that cost less than twelve months ago.
March 14 2025 (12:36 WET)
