Andorra Inflation Steady at 4.2% in July, Below Forecasts

Andorra's annual inflation rate remained stable at 4.2% in July, unchanged from June, according to final figures from Statistics Andorra.

The confirmed rate fell one-tenth below an initial 4.3% advance estimate. Compared with June, prices declined 0.4%—a smaller drop than the 0.5% recorded in July last year. Lower transport and clothing costs drove the monthly fall, offsetting modest rises in housing, water, gas, electricity and other fuels.

Year-on-year, price growth stemmed mainly from higher costs in clothing and footwear, plus housing, water, gas, electricity and other fuels. Moderating influences included transport and non-alcoholic food and beverages.

Core inflation, excluding energy and fresh produce, increased from 3.2% in June to 3.8%.

Andorra's rate exceeded neighboring countries' figures, surpassing Spain's 3.6% and roughly double France's 2.1%. Year-to-date inflation stood at 2.4%, trailing Spain's 2.6% and France's 2.7%. Spain's July increase reflected transport costs up 6.2%, driven by fuels and lubricants, and housing at 5.7% linked to electricity. France saw its rate rise from 1.8% to 2.1%, with services at 2.2%, energy at 12.6% and food at 1.0%.