Inflation rises to 2.8% in the Balearic Islands, the highest rate in the country.
In monthly terms, the CPI in the Islands increased by 1%.
PalmThe National Statistics Institute (INE) has revised the consumer price index (CPI) for June, placing it at 2.8% in the Balearic Islands, the highest rate in Spain, tied with that of the Basque Country. The state CPI rose to 2.3%, one-tenth higher than the figure reported two weeks ago and three-tenths higher than in May. Regarding food, inflation rose three-tenths to 2.8%.
The data released by the INE on Tuesday confirmed the underlying inflation rate—which does not include energy or fresh food—at 2.2%, the same as the previous month.
Prices in the Balearic Islands rose the most compared to the same month last year in restaurants and hotels, up 5% compared to June 2024 (+0.3 points compared to the year-on-year rate recorded the previous month); tobacco, up 3.5% (+0.4 points).
On the other hand, the most moderate increases in the Balearic Islands were in clothing and footwear, up 0.5% (-0.5 points compared to the previous month's rate); transport, up 0.6% (+1.7 points); leisure and culture, up 1% (+0.1 points); and furniture and household products, up 2.2% (+0.4 points).
With the June increase, the year-on-year rate has risen again in the Balearic Islands after having fallen the previous month. In monthly terms, inflation in the Balearic Islands increased by 1%, while so far this year it has risen by 2.6%.
At the end of June, the highest CPI rates were recorded in the Balearic Islands (2.8%), the Basque Country (2.8%), and Extremadura (2.7%). At the other end were Murcia (1.7%), the Canary Islands (1.7%), and La Rioja (1.9%).
Prices increased in all regions year-on-year compared to the previous month, with Cantabria (+0.7%), Castilla-La Mancha (+0.5%), and Extremadura (+0.4%) seeing the greatest increases, while at the other end were Catalonia (+0.2%), the Canary Islands (+0.2%).
The acceleration in the general rate is mainly due to the transport groups, due to the rise in vehicle fuel prices; Housing, due to the rise in gas and liquid fuel prices, and food and non-alcoholic beverages, due to the increase in the prices of legumes and vegetables, as well as meat, fish, and seafood.
