Economy

Inflation continues to fall in the Canary Islands

Among food items, coffee is what rises the most in the archipelago, while oils experience sharp drops

EKN

Olives in olive oil. Inflation

Inflation decreased in March in the Canary Islands to 1.6%, which is six tenths less than the figure for February (2.2%). This is the data published by the Canary Islands Institute of Statistics (ISTAC).

Nationally, the rate is 2.3%, which is seven tenths more than in the archipelago.

Coffee, cocoa and infusions (10.3%), heating, lighting and water distribution (9.6%) and beef (9.4%) are among the most inflationary goods and services. On the other hand, there have been decreases of 27.8% in oils and fats, 7.2% in accessories and repairs of clothing and 5.4% in men's clothing.

The monthly variation rate for March took the value of 0.0% in the Canary Islands, placing the variation so far this year at 0.4%.

On the other hand, the annual rate of the general index excluding unprocessed food and energy products (core inflation) takes the value of 1.6%. This implies the repetition of the previous month's figure and a downward trend since November 2024 (2.4%). At the state level, this rate reaches 2.0%, four tenths above the value recorded in the Canary Islands.