Albania Inflation Rate Rises to the Highest Since 2018
The annual inflation rate in Albania ticked up to 2.4 percent in August of 2021 from 2.2 percent in the previous month. It was the highest inflation rate since June of 2018, mainly driven by prices of food & non-alcoholic beverages (4.6 percent vs 4.1 percent). Meanwhile, transport prices continued to rise at a sharp rate (4.3 percent vs 4.4 percent in July). On a monthly basis, consumer prices went up 0.4 percent after a 0.1 percent drop in the prior month source: Instituti i Statistikave (INSTAT)
Inflation Rate in Albania averaged 2.80 percent from 1995 until 2021, reaching an all time high of 42.08 percent in December of 1997 and a record low of -2.11 percent in March of 2000. This page provides - Albania Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Albania Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Inflation Rate in Albania is expected to be 2.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Albania Inflation Rate is projected to trend around 3.00 percent in 2022 and 2.80 percent in 2023, according to our econometric models.