Inflation falls in the Canary Islands, while it rises in the country as a whole in October

Some products such as clothing, footwear and household goods are cheaper now than a year ago in the archipelago

November 14 2024 (16:24 WET)
Footwear and accessories. Inflation.
Footwear and accessories. Inflation.

The consumer price index (CPI) rose in October in the Canary Islands by 1.5% (in September it was 1.6%) and at the national level to 1.8% year-on-year, three tenths more than the previous month, due to the increase in the price of electricity and gas and fuels and lubricants, while food and non-alcoholic beverages rose one tenth, to 1.9%.

The National Institute of Statistics (INE) has confirmed this Thursday the data advanced two weeks ago, as well as the rate of core inflation (excluding energy and unprocessed food), which in the country as a whole stood at 2.5% year-on-year, one tenth above that of September.

The group that stood out the most for its influence at the national level in the increase in the annual rate was housing, with an annual variation of 4.2%, 1.3 points above that of last month, due to the increase in electricity and gas prices, compared to the decrease in the same month of 2023.

In the Canary Islands, prices have risen by 0.5% compared to last September and 1.6% so far this year, with housing, with an annual increase of 3.9%, and alcoholic beverages and tobacco, with +3.6%, being the most inflationary headings in year-on-year terms.

Clothing and footwear and household goods, with annual decreases of 1.5 and 0.5%, respectively, are the ones that fall the most.

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