Economy

Product prices fell in July in the Canary Islands, especially footwear and clothing

The archipelago currently has the most contained inflation in the country, along with Extremadura and Castilla La Mancha

EKN-EFE

Footwear and Clothing. CPI. Inflation.

Prices fell last July in the Canary Islands by 0.4% and the annual rate stood at 2.9%, according to data published this Tuesday by the National Institute of Statistics (INE).

In July, the prices of clothing and footwear fell the most, up to 12.7% in the Canary Islands and 11.3% in Murcia, and those of Housing, water, electricity, gas and other fuels, to a greater extent in Extremadura, 2.6%, and in the Valencian Community, 2.5%.

They also decreased in food and non-alcoholic beverages, up to 0.9% in the Balearic Islands and 0.7% in Cantabria and Galicia, although they only increased by a tenth of a point in the Basque Country.

The drop in the consumer price index (CPI) occurred in the seventh month of the year in all autonomous communities, more in Extremadura (0.9%) and less in Navarra (0.1%), and only Galicia exceeds 3% in the annual rate (3.1%),

July closed with monthly drops of 0.7% in Castilla y León, Castilla-La Mancha and Murcia, 0.6% in Andalusia and 0.5%, the same as in the country as a whole, in the Valencian Community, Galicia and Madrid.

Four tenths of a point fell in Aragon, Asturias, the Balearic Islands, the Canary Islands, Catalonia and La Rioja and three in Cantabria and the Basque Country.

With these variations, the CPI grows in 12 months, in addition to 3.1% in Galicia, 2.9% in Asturias, the Balearic Islands, the Canary Islands, Catalonia and the Basque Country and 2.8%, the same as the national average, in Andalusia.

Below it was located in Aragon, the Valencian Community, Madrid and La Rioja (2.7% in all four), in Castilla-La Mancha, Extremadura, Murcia and Navarra (2.6%) and in Cantabria and Castilla y León (2.5%).

In the first seven months of the year, the most inflationary community is the Balearic Islands (2.9%), ahead of the Basque Country (2.7%) and Catalonia (2.5%) and the most contained are Extremadura, Castilla-La Mancha and the Canary Islands (1.6% in all three).