Inflation in the Canary Islands gives no respite: food prices fall, but transport prices rise

The National Institute of Statistics (INE) has confirmed this Wednesday that the consumer price index (IPC) for June remained at 3.2% year-on-year, despite the increase in VAT on gas and electricity to 21%, a variation that in the Canary Islands was 3.4%, after a monthly increase of 0.6%.

So far this year, inflation has increased by 2.1% in the islands, to which the 6.5% increase in transport prices has contributed, and to a lesser extent, the 3.5% increase in alcoholic beverages and tobacco.

Nationally, inflation has been marked by the end, since June 1, of the VAT rebates for electricity, natural gas, briquettes, pellets, and firewood, and for the special tax on electricity, measures implemented by the Government to address the impact of the conflict in the Middle East.

Inflation for food and non-alcoholic beverages moderated to 1.9% in June, three tenths below May's 2.2%, and to its lowest year-on-year rate since early 2025. 

Conversely, fuels and lubricants for personal vehicles, whose tax cuts remained in effect during the month of June, compensated for that downward price trend.