Producer prices in Albania rose 2.8 percent year-on-year in the third quarter of 2018, up from a 2.4 percent increase in the previous period. It is the highest producer inflation since the first quarter of 2017, as prices continued to climb for mining & quarrying (20.2 percent vs 17.5 percent in Q2) and electricity, gas, steam & air conditioning supply (1.5 percent vs 0.8 percent). In contrast, cost slowed for water supply, treatment activities & waste management (2.0 percent vs 2.5 percent) and declined for manufacturing (-1.0 percent vs -0.9 percent). On a quarterly basis, producer prices went up 0.4 percent, after increasing 0.2 percent in the previous three-month period. Producer Prices Change in Albania averaged 1 percent from 2006 until 2018, 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 1.70 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 1.90 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.