The Canary Islands ended July with a historical inflation of 9.4%

Discounts in the Canary Islands. / Arcadio Suarez

Last month prices became more expensive compared to June in the Canary Islands in all the sections that make up the CPI, with the exception of education

EFE The Gran Canarian palms

The Consumer Price Index (CPI) rose in July in the Canary Islands by 0.1 percent compared to June, with which the
year-on-year rate of inflation 9.4% is located on the islands, at historically very high levels, but also the lowest in the country at that time.

Last month,
they became more expensive about
June in the Canary Islands all the sections that make up the
CPI, with the exception of teaching, which repeated prices; alcoholic beverages and tobacco, which fell by 0.3%; and clothing and footwear, which fell by 13.5% at the height of
summer sales campaignaccording to data from the National Statistics Institute (INE).

transport prices rose by 1.8% (including fuel), 1.8% housing (including electricity and gas), 0.9% hotels, tourism and catering and 0.5% leisure and culture.

In the last twelve monthsthe sectors that have increased their prices the most on the islands are housing (17.0%), transport (15.2%), food (13.3%), household goods (7 .2%) and hospitality and tourism (6.7%).

Electricity and food trigger inflation to 10.8% in July

In the whole of Spain,
inflation shot up in July to 10.8%the same rate that the INE advanced on the 29th, six tenths above that registered the previous month and the highest since September 1984.

year-over-year increase of prices has been boosted
mainly due to the higher cost of energy products (41.4%) and fuels and fuels (34.3%).

INE also maintains at 6.1% core inflation, which does not include fresh food or energy, the highest rate since January 1993.

Without taking into account the latest tax variations, year-on-year inflation would be 11.5%, seven tenths more than the general rate, according to the INE constant tax index,
while the IPCA (harmonized consumer price index, which allows comparisons to be made with other European countries), stood at 10.7%, seven tenths above the figure for the previous month.

arcadio suarez

Energy and food trigger the CPI

The group that most pushed up inflation was housing, which includes
energy, which increases its variation four points,
up to 23%since the
electricity prices They rose this July compared to the drop in the same month of 2021.

Followed by the group of
food and non-alcoholic beverageswhich places its rate at 13.5%, six tenths higher than last month and the highest since the beginning of the series, in January 1994.

in this group
highlights the rise in milk (22.6%), eggs (22.5%), cereals (20.4%), poultry meat (16.3%) and fresh legumes and vegetables (15.5 %).

The group of
dress and footwear It also increased its prices by 5%, two and a half points above that registered in June, which is due to the fact that the drop in its prices was less than in July of last year.

The group with
greatest negative influence is that of transportwith a rate of 16.2%, three points lower than the previous month, caused by the drop in the price of fuels and lubricants compared to the rise of the previous year.

Castilla La Mancha, the community with the highest inflation

CPI increased in July in all the autonomous communities, especially in Navarra and La Rioja, registering the
higher rates in Castilla La Mancha (13.2%), Castilla y León (12%), La Rioja (11.7%) and Extremadura (11.5%).

According to the
monthly variation rate in July, it fell 0.3%. They rose, above all, tourist packages (13%), electricity (6.4%) and gas (5.3%) and clothing (-10.9%), footwear (-8% ) and fruits (-5.7%).

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