The Canary Islands recorded an annual inflation rate of 3.4% in June of this year, representing an increase of 0.2 percentage points compared to May (3.2%). This upward trend, particularly noticeable in the second quarter of 2026, places the archipelago among the autonomous communities with the highest annual inflation rates, ranking fourth.
Only the Community of Madrid (3.8%), Cantabria (3.5%), and the Balearic Islands (3.4%) show higher or equal records. Galicia ranks fifth with 3.3%, while the national average remains at 3.2%, according to data from the National Statistics Institute (INE). Extremadura reports the lowest annual inflation at 2.4%.
The main factors driving up the CPI in the Canary Islands are the transport, restaurants and accommodation, and alcoholic beverages and tobacco groups, all linked to tourism. The transport sector shows an average annual price increase of 8.3% in the islands, significantly higher than the national 5.1%, a phenomenon attributed to rising fuel costs and the reliance on air and maritime transport.
Inflation in restaurants and accommodation stands at 5.2% annually in the Canary Islands, compared to 5% nationally. The alcoholic beverages and tobacco group registers an annual increase of 3.7%, exceeding the national average of 3%.
On a monthly basis, the CPI grew by 0.6% in June compared to May in the Canary Islands, in line with the national figure. Year-to-date, accumulated inflation in the first semester is 2.1%, two tenths below the Spanish average.
Nationally, the annual rate of the general CPI was 3.2% in June, unchanged from May. The housing sector stood out for its upward influence with an annual rate of 4.7%, driven by increased electricity and gas prices. Conversely, national transport saw its annual variation reduced to 5.1% due to lower fuel prices for personal vehicles.
Core inflation (excluding unprocessed food and energy products) stood at 2.9% nationally, one tenth lower than the previous month.
