According to data released by the National Institute of Statistics (INE) this Tuesday, the archipelago has managed to contain price increases compared to other autonomous communities, despite the widespread impact. The annual inflation in the islands stands at 3%, 0.4 percentage points below the national average of 3.4%.

The sectors that contributed most to this monthly increase were clothing and footwear, with a 7.5% rise, and transport, which went up 3% due to higher fuel costs. Alcoholic beverages and tobacco also registered an increase of 0.8%.

Annually, the largest increases were observed in clothing and footwear, restaurants and accommodation, and transport. The Canary Islands, along with La Rioja, recorded the lowest annual inflation in Spain in March, contrasting with the 4.1% annual price growth in the Community of Madrid.

Nationally, the general annual CPI stood at 3.4%, more than one point higher than the previous month. Transport, with an increase of over five points to 5.3%, and housing, with 3.7%, were the main drivers of this rise across Spain.