Good news on economic front
Inflation in Tenerife and the rest of the Canary Islands is set to fall to just 1.7 per cent by the end of the year, according to a report by the influential Flores de Lemus Institute in Madrid.
That would see inflation on the archipelago the lowest in Spain, well below the predicted national average of 2.4 per cent.
There is more good news in the expectation that next year, 2008, inflation in the islands will fall to 1.5 per cent.
In a separate report, the respected institute said it expected inflation in the Eurozone to fall below two per cent
The good news as far as Tenerife is concerned was somewhat mitigated by the news that petrol prices on the island are once more on the increase.
Fuel at the pump has gone up by over six per cent so far this year to around 76 cents a litre (just over 50p a litre) for 95 octane unleaded, while diesel is 64 cents (44p).
The increases have been steeper for drivers of vehicles with petrol engines, who are paying about nine per cent more, while diesel users are paying about four per cent more.