Andorra's March CPI Hits 4.1%, Highest in Two Years Amid Oil Price Surge
Provisional data shows a 2.1% monthly rise driven by transport and housing costs, outpacing inflation in Spain and France due to Middle East tensions.
Key Points
- Andorra's March CPI hits 4.1%, highest in two years, up from February's 3.1%
- 2.1% monthly rise driven by transport, housing, and fuel costs amid oil surge
- Inflation exceeds Spain's 3.3% and France's 1.7% due to Middle East tensions
- Steepest rate since March 2024; final data due April 13
Andorra's preliminary consumer price index (CPI) for March reached 4.1%, up one percentage point from February's 3.1% and the highest in two years.
The Department of Statistics published the advanced indicator on Wednesday, drawing from 98% of tracked products. This provisional estimate shows a 2.1% monthly rise, driven mainly by higher prices in transport and housing-related categories, including water, gas, electricity, and other fuels. Clothing and footwear also saw notable monthly increases. The jump reflects surging petrol and diesel costs at service stations, linked to the Middle East conflict after US and Israeli strikes on Iran, which pushed up global oil prices. Andorra's reliance on imports and widespread use of diesel for home heating amplified the effect across these CPI groups.
The figure outpaces inflation in neighbouring countries. Spain's advanced March CPI stands at 3.3%, a one-point monthly gain even after a temporary VAT reduction on fuels. France recorded 1.7%, up 0.8 points from February.
This marks Andorra's steepest inflation rate since March 2024. Final March data is expected on 13 April.
Original Sources
This article was aggregated from the following Catalan-language sources:
- ARA•
L'IPC creix un punt i arriba fins al 4,1%
- Bon Dia•
L'IPC del mes de març s'enfila fins al 4,1%
- El Periòdic•
L’IPC avançat s’enfila fins al 4,1% al març per l’encariment del transport i dels costos energètics i de l’habitatge
- Diari d'Andorra•
L’IPC es dispara fins al 4,1% al març
- Altaveu•
La guerra d'Iran dispara l'IPC: puja un punt en només un mes i se situa en el 4,1%