Inflation is the ingredient that separates the south of Gran Canaria from an increase in peninsular tourism. The business consensus in Fitur this week has agreed in pointing out that "the main enemy" of tourism is the rise in prices and has asked to "manage it well", especially in relation to salary increases, to avoid second round effects.
"We must be very careful with second-round inflation. The fact that we have to assume the inflation that comes from outside is already hard, but if we generate a second inflation as a consequence of adapting to that from outside, it would make us less competitive," he said. the president of the employer's association at the inauguration of Fitur.
In another market, Britain, like other major economies, London said on Wednesday that lower energy costs dampened inflationary pressures, although consumer prices remain 10,5% higher than year-ago levels. past.
The U.K.'s Office for National Statistics said monthly inflation cooled slightly from November levels of 9,3% to 9,2% in December. Year-on-year inflation follows suit, falling from 11,1% in October, its highest point for 2022, to 10,5% for the 12-month period ending in December.
