Andorra June 2026 CPI Eases to 4.2% on Falling Transport and Fuel Prices

Andorra's preliminary consumer price index for June 2026 eased to 4.2% year-on-year, down seven tenths from May's 4.9%, according to the Statistics Department’s advance indicator released on Wednesday.

The decline stemmed mainly from falling prices in transport—driven by cheaper fuels—along with food and non-alcoholic beverages, and housing, water, gas, electricity, and other fuels. On a monthly basis, the index dropped 0.5% in June, compared to a 0.2% rise in June 2025. Transport prices fell most sharply, down 2.1% versus a 0.7% increase a year earlier, while food and non-alcoholic beverages eased 0.5% after a 0.2% gain the previous year.

This estimate, based on about 98% of June’s price data, remains above the final 2.4% recorded in June 2025 and 3.2% in June 2024. Prices from May filled gaps for unsurveyed categories.

Neighbouring countries showed lower rates. Spain’s advance CPI stood at 3.2%, stable from May, though one report cited 2.3%. France’s eased to 1.8%, a six-tenths drop from the prior month. Andorra’s figure stayed higher than both.

Fuel importers highlighted the drop’s context amid shifting cross-border dynamics. Spain’s gradual end to a reduced VAT rate from July has aligned Andorran pump prices with those just over the border, such as at La Seu d’Urgell’s Esclat station. On Thursday, some Andorran outlets like BP Arap in Sant Julià de Lòria priced diesel at €1.466 per litre, marginally below Spain’s €1.479 for non-discount customers, though Spanish petrol remained slightly cheaper.

David Porqueres, president of the Fuel Importers Association, described expectations of a challenging summer despite the alignment. He estimated the government missed €200,000-€300,000 in June fuel-related taxes and criticised a lack of targeted support after earlier warnings. “It’s not just fuel anymore; it affects everyone’s wallet,” Porqueres said. He noted prices have fallen about 30 cents since April’s peak near €1.80 per litre—tied to lower global oil—yet remain well above January’s sub-€1.20 levels. A temporary 15-cent importer rebate continues through July, tapering later, but low-cost Spanish stations retain an edge.

The advance data offers an early snapshot and may adjust with the final CPI due on 13 July.