Inflation in Spain continues its upward trend
The annual rate of change of the Consumer Price Index (CPI) in the Canary Islands experienced a slight decrease in April 2024, standing at 3.3%, two-tenths lower than the figure for the previous month (3.5%). This figure matches the national average, which also stood at 3.3%.
Despite this slight decrease, inflation in the archipelago remains higher than the national average in some sectors. The most significant price increases in April were recorded in oils and fats (45.7%), potatoes and their preparations (21.9%), and lamb meat (21.1%).
In contrast, there were declines in some products and services. The most notable price decreases were observed in interurban public transport (-4.2%), clothing accessories and repairs (-3.5%), and women’s footwear (-3.5%).
On a monthly basis, the CPI variation in the Canary Islands in April was 0.6%, while the accumulated variation for the year so far stood at 1.5%.
Additionally, the annual rate of the general index excluding unprocessed foods and energy products (core inflation) stood at 2.8% in the Canary Islands, three-tenths below the rate recorded in March (3.1%). Nationally, this rate stood at 2.9%.
For more information, consult the ISTAC: