Inflation Rate (CPI): Andorra

Analysis# Andorra Inflation Rate (CPI) Andorra's inflation rate stands at 1.8% in 2026, reflecting a gradual cooling from recent peaks. The country experienced its highest inflation in 2022 at 6.2%, followed by a slowdown to 5.6% in 2023. Over the full 2002–2030 period, inflation has declined 41.9%, with the all-time low of -1.2% recorded during the 2009 financial crisis. The sharp spike from 2021 to 2022 marked a dramatic departure from years of subdued price growth. Between 2017 and 2020, inflation remained consistently low, ranging from 2.6% to just 0.1% in 2020. Current trends suggest stabilization: the rate has declined steadily from 6.2% in 2022 to the projected 1.8% for 2026, indicating a return toward price stability aligned with pre-pandemic levels.