High prices for Christmas shoppers. | Amalia Estabén
The Balearics have had record price increases for the last two months and in November, less than a month before Christmas, the Consumer Price Index (CPI) increased up to 5.7% in the Balearic Islands compared to the same period last year. This is the data published yesterday by the National Institute of Statistics (INE), according to which the national average increase stood at 5.5%. The rise in the CPI in November is the highest since the early nineties, both in the Balearic Islands and in the rest of Spain.