February prices stable in Balearics

THE Retail Price Index (IPC) remained stable in the Balearics in February, in spite of a big fall in the price of alcoholic beverages, tobacco, clothing and shoes. This left the interannual inflation level unaltered at 3.8 percent, two points less than the national average, according to figures released yesterday by the National Statistics Institute (INE). The Basque region and Catalonia were the only autonomous regions where prices fell in February (-0.1 percent).
Prices remained stable in the Balearics, the Canaries, Cantabria, Extremadura, Navarra and Madrid.
However, rises were recorded in Andalucia and Murcia (0.2 percent).
With these figures the Balearics remains one of the autonomous regions with the smallest rise in interannual prices, behind Extremadura (3.4 percent and the Canaries (3.1 percent). In February, the price of alcoholic drinks and tobacco fell by 2.8 percent and clothes and shoes by 1.5 percent. These were the biggest falls in the Balearics. There have been big falls in prices during the first two months of the year, 10.7 and 4.9 percent due, primarily, to the sales.