Inflation in Spain continues its upward trend
The annual variation rate of the Consumer Price Index (CPI) in the Canary Islands experienced a slight decrease in April 2024, standing at 3.3%, two tenths below the figure for the previous month (3.5%). This figure coincides with the national average, which was also at 3.3%.
Despite this slight decrease, inflation in the archipelago continues to be higher than the national average in some sectors. Oils and fats (45.7%), potatoes and their preparations (21.9%) and sheep meat (21.1%) registered the most significant price increases in April.
In contrast, declines were observed in some products and services. Intercity public transport (-4.2%), clothing accessories and repairs (-3.5%) and women's footwear (-3.5%) experienced the most notable price drops.
In monthly terms, the variation of the CPI in the Canary Islands in April was 0.6%, while the accumulated variation so far this year stood at 1.5%.
On the other hand, the annual rate of the general index without unprocessed foods or energy products (core inflation) was 2.8% in the Canary Islands, three tenths below that registered in March (3.1%). At the national level, this rate stood at 2.9%.
For more information, consult the ISTAC:
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