Inflation falls to 4.6% in the Canary Islands, but is the highest in Spain

The price of food has risen by 17% in the archipelago in one year, while housing has fallen by 15%

April 14 2023 (11:28 WEST)
Fruits in a grocery store
Fruits in a grocery store

Inflation in Spain moderated to 3.3% year-on-year in March, 2.7 points below the February rate, due to the fall in electricity and fuel prices compared to the sharp increases recorded in March 2022, after the start of the war in Ukraine, and Canary Islands recorded the smallest decrease, of 2.2 points, to stand at 4.6%.

The prices of food and non-alcoholic beverages registered in the archipelago a year-on-year increase of 17%, while those of housing fell by 15.3%.

Hotels, cafes and restaurants, with an annual increase of 9.4%; household goods, with an increase of 7.2%, and leisure and culture, with an increase of 5.7%, were the most inflationary headings in the islands.

The consumer price index (CPI) rose last March in all autonomous communities, notably in the Basque Country (0.6%) and Asturias (0.5%) and to a lesser extent in Navarra and Aragon (0.1%), although the highest annual inflation corresponds to the Canary Islands.

In comparison with March 2022, prices have risen more, in addition to the Canary Islands and the two autonomous cities, in Andalusia (3.9%), Murcia (3.8%), Asturias and La Rioja (3.6%), Navarra (3.5%), Balearic Islands, Castilla y León, Castilla-La Mancha and Galicia (3.4%) and Basque Country (3.3%).

Less than the average (3.3%) inflation rises in Cantabria (3.2%), Catalonia (3.1%), the Valencian Community (3.0%), Extremadura (2.9%), Aragon (2.7%) and Madrid (2.6%).

 

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