Andorra Inflation Rate

Andorra’s consumer price inflation has moderated to 2.18 percent in 2025, placing the micro‑state at rank 125 worldwide and aligning it almost exactly with Kuwait’s 2.18 percent and Portugal’s 2.16 percent. This level follows a pronounced swing from the all‑time peak of 6.20 percent recorded in 2022, when post‑pandemic supply constraints and energy price spikes drove inflation to its highest point, to the all‑time trough of –1.22 percent in 2009, a period marked by the global financial crisis and deflationary pressures. Over the 24‑year series, the inflation trajectory has trended downward, reflecting Andorra’s tight monetary link to the euro area and its limited exposure to commodity shocks. The recent moderation suggests a return to price stability, but any resurgence in external energy costs or fiscal stimulus could reverse the current downward bias, making the 2025 rate a potentially temporary equilibrium.