The CPI stands at 9.5% in the Canary Islands in August, one tenth more than in July

arcadio suarez

However, at the national level, inflation moderates to 10.5%

EFE

The interannual rate of the consumer price index (CPI) fell in August compared to July in all communities except the Canary Islands, where it rose 0.1 points, and in the Balearic Islands, where it grew 0.4 percentage points, according to data published this Tuesday by the National Statistics Institute (INE).

In the Valencian Community and Extremadura there were no variations, in Catalonia it fell one tenth of a point, in Castilla y León, the Basque Country and Ceuta two tenths, three in Andalusia, Aragón, Madrid and La Rioja, four in Cantabria, Murcia, Navarra and Melilla , five in Asturias and Galicia and six in Castilla-La Mancha.

Despite having fallen by 0.1% in August, the same as in Navarra, prices increased more this month compared to August 2021 in Castilla-La Mancha, 12.6%, ahead of Castilla y León (11 .8%), Extremadura (11.5%) and La Rioja (11.4%).

They also rose above the average (10.5%) in Aragón (11.1%), Galicia, Murcia and Navarra (11.0%), Andalusia and the Valencian Community (10.9%), the Balearic Islands (10, 7%) and Asturias (10.6%), and below in the Basque Country (10.3%), Catalonia (10.2%), Cantabria (10.1%), the Canary Islands (9.5%) and Madrid , which is now the least inflationary community, with an increase of 9.3%.

In Melilla the increase is equal to the average (10.5%) and in Ceuta it drops to 9.8%.

Compared to July, compared to the decreases of 0.1% in Castilla-La Mancha and Navarra, prices rose more in the Balearic Islands (0.7%) and the Canary Islands (0.6%), they remained the same in Madrid (0. 0%) and grew less in Castilla y León and Galicia (0.1%).

In the first eight months of the year, the most inflationary community continues to be Castilla-La Mancha, which in any case drops one tenth to 7.3%, followed by Castilla y León (6.7%) and Extremadura and Galicia (6 .6%), while Madrid remains at 5.1% and the Canary Islands rise to 5.3%.

Food and non-alcoholic beverages rise almost 14%

Another of the groups that positively influences inflation is that of food and non-alcoholic beverages, which places its rate at 13.8%, three tenths higher than that of last month and the highest since the beginning of the series, in January 1994.

Of this group, the increases in the prices of milk, cheese and eggs stand out (greater this month than in 2021); meat (compared to the stability of the previous year); and bread and cereals (with an increase greater than that of August last year).

The elements that increased the most in August compared to the same month of 2021 were liquid fuels (79.1%), other oils (71.2%), electricity (60.6%), flour and other cereals (39%) and butter (31.8%), while the ones that fell the most were tolls and parking (20.5%), mobile phone services (6.3%), mobile phone equipment (5.1%), audiovisual equipment (4.9%) and personal computers (4.6%).

Regarding core inflation, which does not include fresh food or energy, the INE maintains it at 6.4%, three tenths more than that registered in July and the highest since January 1993.

Regarding the monthly evolution, consumer prices rose by 0.3% compared to July, while the Harmonized Consumer Price Index (IPCA, which allows comparisons to be made with other European countries) stands at 10, 5%, two tenths less than the previous month.

Sources from the Ministry of Economy point out that, in principle, the CPI should follow this path of deceleration in the coming months, and add that the peaks in inflation have been registered in March, when Putin started the war, and in June, when Russia reduced gas supply to Europe.

Regarding the slowdown in inflation, the same sources stress that "it coincides with the implementation of the government's packages of measures, which demonstrates the effectiveness of the measures adopted."

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