The inflation rate in Albania continued its ascending course hitting 7.5% in July, the highest since March of 2002, from 7.4% in June. Prices rose the most within the transportation (19.7% vs 26.9% in June) and food and non-alcoholic beverage group (13.2% vs 12.6%), namely oil and fats (30.6%), bread and cereals (18.2%) and milk, cheese and eggs (15.4%). Other upward contribution came from cost of housing, water, electricity and other fuels (3.4% vs 2.8%), furniture household goods and maintenance (4.2% vs 3.8%) and hotels and restaurants (6% vs 5.6%). Compared to June, consumer prices increased 0.2%, after falling in the previous two months, with cost of housing and utilities (0.7%) and food (0.6%) rising the most. source: Instituti i Statistikave (INSTAT)
Inflation Rate in Albania averaged 2.88 percent from 1995 until 2022, 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’s Inflation Hits Over 20-Year High - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.
Inflation Rate in Albania is expected to be 7.30 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 2.10 percent in 2023, according to our econometric models.