This figure marks the sixth consecutive rise since February, when the rate stood at 2.1%. Nationally, Spain's overall CPI reached 4.3% in August, exceeding the islands' figure by five tenths.
The primary factors driving the price hikes in the Canary Islands were fuels, the grocery basket, and the restaurant sector, with fuels having the most significant impact.
However, price evolution was not uniform across all products. Significant decreases were observed, such as a 13% drop in interurban public transport, 6.4% in men's clothing, and 6.1% in fresh legumes and vegetables.
On a monthly basis, prices in the Canary Islands rose by 0.6% in August compared to July. With this variation, the accumulated CPI increase in the first eight months of the year stands at 2.7%.
Core inflation, which excludes unprocessed foods and energy products, showed a different trend, standing at 2.5%. This is one tenth lower than in July, when it reached 2.6%.
The Canary Islands also remain below the national average for this indicator. Spain's annual core inflation rate in August was 2.9%, four tenths higher than in the Archipelago.
