The Consumer Price Index (CPI) in the Canary Islands rose by 1.6% year-on-year in March, marking a decrease of 0.6 percentage points compared to the previous month, according to final data released by Spain’s National Statistics Institute (INE) on Friday. This is the lowest inflation rate recorded in the archipelago since October 2024.
On a monthly basis, inflation in the Canary Islands was unchanged (0.0%), while the cumulative rise since the start of 2025 stands at 0.4%.
Sectors with the highest price increases
Compared to March 2024, the biggest price hikes in the Canary Islands were recorded in the following categories:
- Housing, water, electricity, gas and other fuels: +4.9% (a slowdown of 3.4 percentage points from the previous month’s annual rate)
- Restaurants and hotels: +3.5% (an increase of 0.4 points)
- Miscellaneous goods and services: +3.5% (a slight dip of 0.1 points)
- Alcoholic beverages and tobacco: +2.6% (up 0.7 points)
Sectors with price decreases
In contrast, prices dropped in the following sectors:
- Clothing and footwear: -1.6% (a 0.7-point improvement on the previous month’s figure)
- Furniture, household goods and routine home maintenance items: -1.0% (a decrease of 0.6 points)
- Transport: -0.3% (down by 1.3 points)
National picture
Across Spain, the CPI rose by 0.1% month-on-month in March, while the annual inflation rate fell to 2.3%, a decrease of 0.7 percentage points compared to February.
At the close of March, the highest annual inflation rates were observed in:
- Balearic Islands: 2.9%
- Basque Country: 2.8%
- Andalusia: 2.4%
The lowest rates were recorded in:
- Murcia: 1.6%
- Canary Islands: 1.6%
- Navarre: 1.9%
Annual inflation fell in all autonomous communities, with the smallest drops in:
- Aragón: -0.5 percentage points
- Extremadura: -0.5 points
- Basque Country: -0.5 points
And the largest drops in:
- Catalonia: -0.9 points
- Galicia: -0.8 points
- Valencian Community: -0.8 points
