Rising prices in the Canary Islands: fresh fruit, eggs, and potatoes among the most affected products

The price of fresh vegetables in the Canary Islands has surged by 255%.

Among the 23 food and drink categories tracked by the INE in its CPI statistics, the Canary Islands saw the highest price increases in eight of them in 2023, representing over a third of the categories. Conversely, the regions with the lowest rate increases were more dispersed, with Aragon and Murcia leading with four categories each.

The five categories that experienced the largest price increases across the country were oils and fats (36.3%), fresh vegetables (13.2%), pigmeat (12.3%), fresh fruit (11.8%), and sheepmeat (9.7%).

Categories with the Highest Price Increases

Oils and fats experienced the most significant price increase in Madrid (39.7%), followed by La Rioja (39.1%), Extremadura (38.9%), Catalonia (38.4%), and Andalusia (37.2%). In contrast, it rose less in Cantabria (25.1%), the Basque Country (30.4%), and the Canary Islands (33.1%).

Fresh vegetables became more expensive in the Canary Islands (25.3%), Murcia (17.2%), the Balearic Islands (16.6%), and Andalusia (15.2%), while the increase was lower in Cantabria (7.9%), the Basque Country (8.0%), and Aragon (8.4%).

Meat prices increased most in Asturias (11.8%) for beef, in Extremadura (13.6%) and the Valencian Community (13.5%) for sheep, in Aragon (17.5%), Murcia (16.9%), and Navarre (16.0%) for pork, and in Castile-La Mancha (3.5%), Asturias (3.2%), and Catalonia (3.2%) for poultry.

Rising prices in the Canary Islands: fresh fruit, eggs, and potatoes among the most affected products

Fresh fruit prices rose across all regions, with the highest increases in the Canary Islands (16.4%), the Valencian Community (15.2%), and Cantabria, La Rioja, and the Basque Country (between 14 and 14.7%). It increased by 6.5% in the Balearic Islands and 7.4% in Aragon.

Categories with Smallest Price Increases

Milk prices, which fell in most regions in the previous year, saw a rise in the Canary Islands (3.0%), Navarre (1.3%), and Galicia (0.8%). However, they fell in the Basque Country (-1.7%), Murcia (-1.1%), and Galicia (-0.6%).

Egg prices increased significantly in the Canary Islands (10.7%) and were close to doubling that percentage in Cantabria (8.0%) and Madrid (7.6%), while it rose less in the Basque Country (0.5%) and Extremadura (1.10%).

Cereals and derivatives saw the most significant cost increase in the Canary Islands (7.1%), followed by Aragon (3.2%), Asturias and Extremadura (3.5%). Bread prices increased in Murcia (4.1%) but fell in Extremadura (-0.2%).

Fish, fresh or frozen, became more expensive in four northern regions: the Basque Country (6.4%), Navarre (5.7%), La Rioja (5.4%), and Cantabria (5.1%). However, it increased less in Murcia (1.1%) and two inland regions, Madrid and Castilla y León (both 3.3%).

Potatoes and potato preparations had the most substantial increase in the Canary Islands (18.2%), followed by La Rioja and Navarre (both over 10%), while it increased less in the Valencian Community (2.7%) and fell in Murcia (-2.7%).

Other categories that experienced relatively lower price increases were coffee, cocoa, and infusions (6.0%) and sugar (6.2%). Alcoholic beverages showed the smallest differences among regions, with Murcia (6.6%) experiencing the highest increase and Galicia (3.3%) the lowest.

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