The products and services that have risen the most in the Balearic Islands in the last year are essentials as can be seen in the infographic. Fuel, electricity, oil, eggs and milk lead the ranking of price increases with rates ranging from 20 to 43%. These increases have an impact on all citizens and are a missile on households with fewer resources, since basic products have more weight in their shopping basket.
Infographic shows how inflation affected the shopping basket on Ibiza
The National Statistics Institute (INE) confirmed yesterday that the annual variation rate of the consumer price index (CPI) in June stood at 10.2%, a point and a half above that recorded in May and the highest since April 1985. Fuels; foodstuffs such as fruit, vegetables, meat, bread, milk, cheese and eggs; electricity; and restaurant and accommodation services were the main contributors to the increase in the annual CPI rate. The underlying inflation rate, which does not take into account unprocessed food or energy products (the most volatile values) rose by six tenths of a percentage point to 5.5%, the highest rate since August 1993.
How much have commodities risen in the Balearic Islands? View the infographic here
For the full article, please visit Diario de Ibiza website here.