The Cost of Living of the Balearics lower than the state average

For the first time since 1993, the Index for the Cost of Living for the Balearics is situated in 3.8%, lower than the average for Spain, after the unexpected contention (0 increase) for December. The index for 2000 in the state is at 4%, double the foreseen by the Chancellor of the central government, after learning that for December the index rose for the state by 0.3% with respect to November .

According to the general director for inland revenue for the Balearic Government, Antoni Monserrat, "this relative descent in the index for the Islands was favoured by the descenct by 6 tenths in the Group 3 - homes (community charges, heating, lighting and water) which can be interpreted as an effect produced by the good behaviour of the price of fuel and mild temperatures in December, which because the consumption has been contained, the traditional application of progressive tariffs has been lessened."

More information: Instituto Nacional de Estadística

Date of publication: 12/01/2001

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