Prices are rising in the Balearic Islands, especially for housing.
With the July data, prices have seen two consecutive months of increases in the Islands.
PalmThe Consumer Price Index (CPI) rose to 3.5% in the Balearic Islands in July year-on-year, seven-tenths of a percentage point higher than the previous month's year-on-year rate. It is the region with the highest rate, according to final data published this Wednesday by the National Statistics Institute (INE).
With the July data, prices mark two consecutive months of increases in the Balearic Islands. In monthly terms, inflation in the Balearic Islands increased by 0.3%, while so far this year the increase reaches 2.9%.
Prices exceeded the previous year's level in all categories, with the highest being housing, water, electricity, gas, and other fuels, up 6.6% compared to July 2024 (+2.4 points compared to the year-on-year rate recorded in the previous month); restaurants and hotels, up 5.6% (+0.6 points); Alcoholic beverages and tobacco, up 4.9% (+1.4 points), and food and non-alcoholic beverages, up 4% (+1.1 points).
Meanwhile, the year-on-year increases are more moderate in communications, up 0.9% (-1.4 points); clothing and footwear, up 0.9% (+0.4 points); leisure and culture, up 1.3% (+0.3 points), and transport, up 1.3% (+0.7 points).
Olive oil continues to fall, while eggs soar in price.
Regarding food, olive oil saw the greatest price decrease, down 44.3% in the last year, and also fell 3.1% compared to the previous month, while egg prices soared, up 18.3% year-on-year.
Sugar also fell year-on-year, down 19.7%; yogurt, down 2.6%; other cereal-based products, down 2.2%; and pizza and quiche, down 1.2%. The foods that increased the most in July compared to the same month last year were chocolate (21.6%), other edible oils (20.4%), coffee (19.8%), beef (15.1%), sheep and goat meat (11.7%), and cocoa.
Aside from food, the prices that rose the most year-on-year were combined passenger transport (26.8%); jewelry and costume jewelry (22.9%); electricity (17.3%); garbage collection (14.3%); and international flights (13.6%). At the other end of the spectrum, the biggest drops were seen in liquid fuels (9.6%); personal computers (9.4%); mobile phones (8.8%); and gasoline (7.8%).
