The annual inflation rate in Albania edged down to 1.8 percent in May of 2021 from 1.9 percent in the prior month, amid a slowdown in prices of food & non-alcoholic beverages (3.7 percent vs 4.5 percent in April) and communication (2.8 percent vs 3.6 percent). On a monthly basis, consumer prices decreased 0.9 percent, after a 0.2 percent rise in the previous month, mainly pushed down by prices of food & non-alcoholic beverages (-2.8 percent). source: Instituti i Statistikave (INSTAT)

Inflation Rate in Albania averaged 2.81 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 June of 2021.

Inflation Rate in Albania is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Albania to stand at 2.10 in 12 months time. 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.

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Albania Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.80 1.90 42.08 -2.11 1995 - 2021 percent Monthly
2020M12=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-03-08 11:00 AM Feb 1.1% 0.4% 0.7%
2021-04-08 10:00 AM Mar 1.2% 1.1% 1.3%
2021-05-10 10:00 AM Apr 1.9% 1.2% 1.5%
2021-06-08 01:00 PM May 1.8% 1.9% 2%
2021-07-08 10:00 AM Jun 1.8%
2021-08-09 10:00 AM Jul
2021-09-08 10:00 AM Aug
2021-10-08 10:00 AM Sep


News Stream
Albania May Inflation Rate Drops to 1.8%
The annual inflation rate in Albania edged down to 1.8 percent in May of 2021 from 1.9 percent in the prior month, amid a slowdown in prices of food & non-alcoholic beverages (3.7 percent vs 4.5 percent in April) and communication (2.8 percent vs 3.6 percent). On a monthly basis, consumer prices decreased 0.9 percent, after a 0.2 percent rise in the previous month, mainly pushed down by prices of food & non-alcoholic beverages (-2.8 percent).
2021-06-08
Albania Inflation Rate Picks Up to 6-Month High
The annual inflation rate in Albania climbed to 1.9 percent in April of 2021 from 1.2 percent in the previous month. It was the highest rate since October 2020, as prices advanced faster for food and non-alcoholic beverages (4.5 percent vs 3.1 percent in March); miscellaneous goods and services (0.8 percent vs 0.5 percent); recreation and culture (1.3 percent vs 0.1 percent); alcoholic beverages and tobacco (1.7 percent vs 1.3 percent) and communication (3.6 percent vs 2.2 percent). In addition, transport cost rebounded (0.3 percent vs -1.6 percent) and inflation was steady for housing & utilities (at 0.1 percent). On a monthly basis, consumer prices went up 0.2 percent, following a 0.7 percent rise in March.
2021-05-10
Albania March Inflation Rate at 4-Month High
The annual inflation rate in Albania rose to 1.2 percent in March of 2021 from 1.1 percent in the previous month, reaching its highest level since last November. Main upward pressure came from prices of food & non-alcoholic beverages (3.1 percent vs 3.2 percent in February); furnishings (2.2 percent, the same pace as in February); clothing & footwear (0.2 percent vs -0.6 percent) and communication (2.2 percent vs 0.7 percent). On a monthly basis, consumer prices were up 0.7 percent, slowing from a 1.1 percent increase in the previous month.
2021-04-08
Albania Inflation Rate Rebounds from 5-Year Low
Annual inflation rate in Albania increased to 1.1 percent in February of 2021 from a 5-year low of 0.4 percent in January. Prices rose faster for food and non-alcoholic beverages (3.2 percent vs 1.2 percent in January); furniture household and maintenance (2.2 percent vs 2 percent); alcoholic beverages and tobacco (1.4 percent vs 1.1 percent). Also, cost of housing and utilities was flat, after falling 0.1 percent in January and transport prices also fell less (-3.9 percent vs -4.7 percent). On a monthly basis, consumer prices surged 1.1 percent.
2021-03-08

Albania Inflation Rate
In Albania, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (36.1 percent of total weight). Housing and Utilities account for 20.3 percent; Furniture, Household Goods and Maintenance for 7.4 percent; Transport for 6.3 percent; Alcoholic beverages and Tobacco for 5 percent and Miscellaneous Goods and Services for 4.9 percent. Clothing and Footwear; Health; Education; Recreation and Culture; Communication and Restaurants and Hotels account for the remaining 20 percent of total weight.