Refilling the tank is once again pushing up the cost of living. The rise in fuel prices has pushed inflation in the Balearic Islands to 4.4% in August, five tenths of a percentage point higher than in July and the highest rate since April 2023. The Islands are thus slightly above the national average, which stands at 4.3%, according to data published this Tuesday by the National Statistics Institute (INE).

Prices rose in the Balearic Islands in June by 3.4% compared to the same month last year, above the Spanish average of 3.2%, according to data from the National Statistics Institute (INE). The products that rose the most last June were restaurants and accommodation (7.6%), alcoholic beverages and tobacco (3.9%), and housing (3.5%).

Prices in the Balearic Islands have risen by 3.6% in March compared to the same month last year due to the war in the Middle East and the increase in fuel costs, according to data from the INE published this Tuesday.

The 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%.