News Desk
THE Retail Price Index (RPI) increased by 0.1 percent in the Balearic Islands during the month of August, which is three decimal points below the national average, and gives an accumulated rate of inflation of 2.2 percent and for year on year of 2.9 percent.

According to the Retail Price Index, which was presented yesterday by the National Institute of Statistics, the less inflationary sections of the economy in August were clothing and footwear (which decreased by 3.8 per cent), furnishings and medicine (which both fell by 0.3 per cent) and “others” (jewellery, cosmetics, services and insurance, down by 0.2 per cent).

During August prices for transport increased the most (by 1.3 per cent), whilst communications and teaching remained stable.
In the first eight months of this year (accumulated inflation) the most inflationary groups in the sector were transport (8.1 per cent), and drinks, alcohol and tobacco (4.3 per cent).

Prices dropped significantly for clothing and footwear (9 per cent), followed by communications (1 per cent), and remained stable for medicines.
In the last twelve months (year on year results) the cost of living fell for entertainment and culture (both by 1.6 per cent) and communications (down by 14 per cent).

However, once again prices rose more in transport during the last twelve months (7.2 per cent).
The cost of living also increased for hotels, cafes and bars which went up by 0.6 per cent.

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