With inflating house prices surging extremely high in Malaga, the city still has a field under control. When it comes to grocery shopping, Malaga seems to fight against inflation rate prices compared to other cities in Andalusia. The National Statistics Institute’s latest date shows that Malaga is seeing the smallest increase in food prices. Last month, in April, food prices and non-alcoholic beverages in Malaga only saw a 3.7% surge from last year. This percentage is the lowest within the region.
Malaga’a neighbouring provinces, such as Cordoba, Granada and Seville, are experiencing a food price surge of up to 5% and more within a year. Additionally, other cities in Spain that are outside of Andalusia have an average surge of 4.7%, showing that the surge is national. This is, of course, a great relief for locals and visitors in Malaga, as they can shop for a lower price. Malaga attributes these amazing results to the city’s effort at price moderation since September last year. The province has been trying to avoid the trend of making shopping baskets more expensive.
Controlled inflation rate
Malaga also has an overall more controlled inflation rate than its neighbouring provinces. During March 2024, Malaga had a 3.8% food inflation rate, while Seville had a 3.4% rate. The following month, April, while Malaga went lower to 3.7%, Seville had an uncontrolled rate of up to 5%. Moreover, despite inflation prices going up due to, for example, the Russian invasion of Ukraine, Malaga still maintains a CPI of 3.3%, which is also Spain’s average. On the other hand, restaurants, transportation and hotel prices in Malaga are seeing a higher inflation rate within the province. Despite this difference, Malaga’s efforts to not reach double-digit inflation rates this year are so far working. The province of Malaga’s way of managing inflation makes it stand out in Andalucia and throughout Spain.