The Consumer Price Index (CPI) in the Canary Islands rose by 2.5% in October compared with the same month last year, according to the final figures released on Friday by the National Statistics Institute (INE). This represents an increase of three-tenths of a percentage point compared to the annual rate recorded in September.
With this data, the Canary Islands have now experienced five consecutive months of rising prices. On a monthly basis, inflation in the archipelago increased by 0.9%, while the accumulated rise since January stands at 1.9%.
Main drivers of inflation in the Canary Islands
The sectors showing the strongest year-on-year increases in October were:
- Housing, water, electricity, gas and other fuels: +5.8% compared with October 2024
This represents a 0.3-point rise on the previous month’s annual rate. - Restaurants and hotels: +4.9% (+0.3 points)
- Alcoholic beverages and tobacco: +3.2% (+0.5 points)
- Other goods and services: +3.1% (unchanged)
In contrast, clothing and footwear was the only category to register a fall, dropping by 0.5% year-on-year, a sharp 2.1-point decrease from the previous month’s figure.
Inflation trends across Spain
At the national level, the CPI rose by 0.7% in October compared with September, and the year-on-year rate increased slightly by 0.1 points, reaching 3.1%.
By region, the highest inflation rates were recorded in:
- Balearic Islands: 3.6%
- Madrid: 3.6%
- Valencian Community: 3.5%
The lowest rates were seen in:
- Murcia: 2.2%
- Canary Islands: 2.5%
- Catalonia: 2.6%
In terms of month-to-month variations, the biggest increases were registered in:
- Cantabria: +0.4%
- Balearic Islands: +0.3%
- Canary Islands: +0.3%
Meanwhile, Murcia (-0.2%), Galicia (-0.2%) and Aragon (-0.1%) were the regions where prices grew the least, even showing slight declines.
The latest CPI data confirm that inflationary pressure in the Canary Islands remains persistent, driven mainly by the rise in energy costs and hospitality prices. Although the region’s overall inflation rate is below the national average, the sustained upward trend over the past five months continues to affect the cost of living and consumer spending across the archipelago.
