Prices in the Canary Islands rose by 6.8% last February compared to last year. An upward inflation that exceeds the 5.5% increase in January, according to the consumer price index (CPI) data published by the National Institute of Statistics (INE).
Housing, transportation, and food and non-alcoholic beverages have been the sectors that have become more expensive, as a result of the increase in the cost of electricity, fuels and some supermarket products. Specifically, the price of housing has risen to 22.3% compared to the previous year, while transportation and food stand at 11.4% and 6.1%, respectively.
These prices directly affect the pockets of individual consumers, but also those of many professionals, such as the fishing sector, where 700 Canarian boats warn that they will not be able to go fishing if the cost of diesel continues to rise.
Despite this increase, the archipelago continues to be the least inflationary autonomous community, along with Ceuta (6.8%) and Madrid (6.9%), all below the national average, which stands at 7.6%, the highest in 35 years.
Above the average are Castilla-La Mancha with a 9% year-on-year inflation, Aragon and Castilla y León (8.5%), La Rioja (8.1%), Galicia (8.0%), Andalusia, Valencian Community and Melilla (7.8%), Cantabria, Murcia and Navarra (7.7%) and Extremadura (7.6%).
It should also be noted that these data only reflect the first five days of the armed conflict between Ukraine and Russia, so the price increase in March is expected to be even greater.
