Andorra's September CPI Falls to 4.5%, Contrasting Neighboring Spain and France

Andorra's preliminary consumer price index for September fell to 4.5% year-on-year, down three tenths from August's 4.8%, according to the Department of Statistics' advance indicator released Thursday.

The estimate, based on about 97% of updated September prices with the remainder carried forward from August, points to easing inflation pressures. The Department highlighted slower price growth in clothing and footwear as the main driver, even as transport costs rose. Monthly, prices increased by 1% from August, below the 1.3% rise seen in September 2025. Clothing and footwear prices jumped 13.5% over the month, seven points lower than the 20.5% increase a year earlier.

The trend bucks rises in neighbouring countries, where preliminary data also await confirmation. Spain's CPI climbed to 4.9% from 4.3% in August, while France's rose to 3% from 2.4%—each up six tenths.

Officials noted the release faced technical and logistical delays. As a preliminary measure, the figures could shift with final data due on 12 October. Broader factors, including Middle East tensions and fuel price surges from US-Iran dynamics, have lifted transport costs amid regional cost-of-living strains, yet Andorra's indicator softened.