Prices fall by 0.4% in the Balearic Islands

The Consumer Price Index (CPI) stood at 3.2% in the Balearic Islands in November, four tenths of a point lower than the previous month and the lowest level since June 2015. According to the final data published this Friday by the National Institute of Statistics (INE), prices fell by 0.1% compared to October, while the CPI reached 7%. Restaurants and housing are the sectors that most drive prices.

Despite the overall moderation, some groups continue to put pressure on the index. Restaurants and hotels lead the increases, rising 6.1% compared to November 2024. Prices related to housing—water, electricity, gas, and fuels—have also risen sharply, by 4.8%, as have alcoholic beverages and tobacco (4.2%). "Other goods and services" round out the group of notable increases with 3.3%. Conversely, the most moderate increases were recorded in leisure and culture (1.4%), furniture and household goods (1.5%), clothing and footwear (1.7%), and communications (1.8%). The third highest CPI in the country

Across Spain, inflation fell to 3%, one-tenth of a percentage point lower than in October, following a monthly increase of 0.2%. The Balearic Islands remain the third region with the highest rate, behind only Madrid (3.7%) and the Valencian Community (3.4%). At the other end of the spectrum, the lowest rates were recorded in the Canary Islands (2.3%), La Rioja (2.4%), and Murcia (2.5%). Regarding month-on-month changes, Extremadura (+0.5%), Murcia (+0.3%), and Navarre (+0.3%) saw the strongest price increases, while Andalusia (-0.3%), Cantabria (-0.2%), and the Canary Islands (-0.2%) registered the largest decreases.