Producer prices in Albania decreased 0.2 percent year-on-year in the first quarter of 2019, following a 0.5 percent rise in the previous period. It was the first drop in producer prices since September 2016. Prices fell for mining & quarrying (-0.1 percent vs 4.3 percent in Q4); manufacturing (-0.7 percent vs -1.5 percent) and electricity, gas, steam & air conditioning supply (-0.1 percent vs 1.7 percent). Also, cost slowed for water supply, treatment activities & waste management (0.7 percent vs 1.5 percent). On a quarterly basis, producer prices went down 0.2 percent, after falling 0.6 percent in the fourth quarter of 2018. Producer Prices Change in Albania averaged 0.97 percent from 2006 until 2019, reaching an all time high of 6.69 percent in the fourth quarter of 2007 and a record low of -4.04 percent in the first quarter of 2016.
Producer Prices Change 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 Producer Prices Change in Albania to stand at 2.10 in 12 months time. In the long-term, the Albania Producer Prices Change is projected to trend around 2.10 percent in 2020, according to our econometric models.