Economy

Inflation in the Canary Islands remains stable in April

In the archipelago, inflation decreased by only 0.1% in the fourth month of the year compared to March

EFE

Inflation remained stable in the Canary Islands in April, with a slight decrease of 0.1% compared to the previous month, but rose 7.1% in year-on-year terms, according to data from the Consumer Price Index (CPI) published this Friday by the National Institute of Statistics (INE).

In addition, inflation also fell in eight other autonomous communities, with the Balearic Islands (-0.6%) being the region that experienced the largest drop. The CPI was also negative in Cantabria (-0.5%), the Valencian Community (-0.4%), Catalonia and the Basque Country (-0.3%), Aragon and Madrid (-0.2%) and Murcia (-0.1%).

For its part, in Andalusia, Castilla y León, Castilla-La Mancha and Galicia the figures did not vary with respect to the month of March. However, it did rise in Navarra (0.3%) Asturias (0.2%) and Extremadura and La Rioja (0.1%), as well as in Ceuta (0.8%) and Melilla (0.6%).

In year-on-year figures, prices fell in all territories compared to March of the previous year, when nine autonomous communities rose by 10% or more and the Canary Islands remained below 9%.

In April, the largest increase in relation to the same month of 2021 again corresponded to Castilla-La Mancha (10.4%), ahead of Castilla y León (9.6%), Aragon (9.4%), Galicia (9.1%), La Rioja (8.8%), Extremadura and Navarra (8.7%), Cantabria (8.5%) and Andalusia and the Valencian Community (8.4%), as well as Melilla (8.5%).

Equal to or below the average established at 8.3%, were Asturias (8.3%), Murcia (8.2%), Catalonia (8.0%), Balearic Islands and Basque Country (7.8%), Madrid (7.7%) and Canary Islands (7.1%), together with Ceuta (7.3%).