CPI in the Canary Islands: Rises to 3.5% in March, with increases in oils, potatoes, and sheep meat
The Canary Islands Institute of Statistics (ISTAC) has reported that the annual variation rate of the Consumer Price Index (CPI) in the Canary Islands stood at 3.5% in March 2024. This represents an increase of four tenths compared to the previous month (3.1%) and exceeds the national average of 3.2%.
Among the products that have experienced the highest price increases are oils and fats (41.5%), potatoes and their preparations (20.1%), and sheep meat (18.5%). In contrast, decreases were observed in garment accessories and repairs (-4.4%), household appliances and their repairs (-3.4%), and recreational items (-3.2%).
On a monthly basis, the CPI in the Canary Islands rose by 0.5% in March, accumulating an increase of 0.9% so far this year. The annual rate of underlying inflation (which excludes unprocessed food and energy products) stood at 3.1%, three tenths lower than the one recorded in February (3.4%) and also lower than the national rate of 3.3%.
For more information, the ISTAC publication can be consulted.