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).

The Balearic agricultural sector has conveyed its concern to the Government regarding the rise in fuel prices due to the Iran-Contra conflict. According to an internal calculation, product prices will increase in approximately one month if they do not receive aid, representatives of the farmers informed the Vice President of the Government, Antoni Costa, this Wednesday. This was explained by Jerónima Bonafé, representative of the Balearic Agri-food Cooperatives, after the meeting, as reported by Europa Press. Bonafé emphasized that fuel prices have increased by more than 60% in less than a month, and also explained that the Government has committed to providing aid to the sector to mitigate the price increases. However, the Government wants to wait to coordinate these measures with the initiatives that the Spanish Executive will announce on Friday after the Council of Ministers meeting.