Producer prices in Albania increased 2.4 percent year-on-year in the second quarter of 2018, following a 1 percent rise in the previous period. It was the highest producer inflation since the first quarter of 2017, as prices advanced faster for mining & quarrying (17.5 percent from 4.5 percent in Q1). Also, prices continued to increase for electricity, gas, steam & air conditioning supply (0.8 percent from 1.2 percent) and water supply, treatment activities & waste management (2.5 percent from 2.9 percent). On the other hand, prices fell further for manufacturing (-0.9 percent from -0.5 percent). On a quarterly basis, producer prices went up 0.2 percent, easing from a 0.5 percent gain in the previous three month period. Producer Prices Change in Albania averaged 0.93 percent from 2006 until 2018, reaching an all time high of 6.68 percent in the fourth quarter of 2007 and a record low of -4.07 percent in the first quarter of 2016.
Producer Prices Change in Albania is expected to be 3.20 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 2.70 in 12 months time. In the long-term, the Albania Producer Prices Change is projected to trend around 2.80 percent in 2020, according to our econometric models.