Inflation Eases in the Canary Islands, Below National Average

Inflation Eases in the Canary Islands, Below National Average

The annual variation rate of the Consumer Price Index (CPI) in the Canary Islands dropped to 1.6% in March 2025, which is six tenths lower than in February (2.2%), according to the latest data from the Canary Islands Institute of Statistics (ISTAC). This figure is also seven tenths below the national average, which stood at 2.3%.

The most inflationary goods and services included coffee, cocoa, and herbal teas (+10.3%), heating, lighting, and water supply (+9.6%), and beef (+9.4%). On the other hand, significant price decreases were recorded for oils and fats (-27.8%), clothing accessories and repairs (-7.2%), and men’s clothing (-5.4%).

On a monthly basis, the CPI in March showed a 0.0% change in the Canary Islands, bringing the accumulated inflation so far this year to 0.4%.

The core inflation rate —which excludes unprocessed food and energy products— remained at 1.6%, the same as in February, continuing a downward trend that began in November 2024 (when it stood at 2.4%). Nationally, this rate is 2.0%, placing the Canary Islands among the regions with the lowest inflationary pressure in Spain.

source: ISTAC

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