The consumer price index (CPI) increased by 3.8% in May in the Balearic Islands compared to the same month last year and so far this year has accumulated an increase of 2.1% compared to the same period in 2022

This is revealed by data published on Tuesday by the National Statistics Institute (INE). In May, the Balearic Islands recorded the second highest year-on-year increase in inflation after the Canary Islands (4.9%), and together with the other archipelago is the region with the highest increase in prices in the first five months of the year.

The highest price growth in May was in the group of food and non-alcoholic beverages, with 12.2 %, followed by alcohol and tobacco, with 9.5 %.

By contrast, the largest price declines were recorded for housing, with a fall of 9.8 %, and transport, with a fall of 1.9 %.

economia familia

The national CPI stood in May at 3.2%

In Spain as a whole, as confirmed by the INE, the CPI stood at 3.2% year-on-year in May, nine tenths of a percentage point lower than the rate recorded in April, due to lower fuel prices and the lower rise in food and non-alcoholic beverages.

Of the nine tenths of a percentage point decrease in the general inflation rate, six tenths were the result of the 3.7% fall in the transport group due to lower fuel prices; another two tenths were due to the food group, whose rise moderated to 12% year-on-year, almost one point less than in the previous month.

Food inflation has fallen back to the level of a year ago thanks to lower prices for milk, cheese and eggs, as well as lower prices for fish and seafood, and stable prices for bread and cereals.