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.

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Albania’s Inflation Hits Over 20-Year High



Calendar GMT Actual Previous Consensus TEForecast
2022-07-08 10:00 AM Jun 7.4% 6.7% 7.3%
2022-08-09 10:00 AM Jul 7.5% 7.4% 7.6%
2022-09-08 11:30 AM Aug 7.5%


Related Last Previous Unit Reference
Inflation Rate 7.50 7.40 percent Jul 2022
Inflation Rate Mom 0.20 -0.10 percent Jul 2022
Consumer Price Index CPI 109.30 109.02 points Jul 2022
Producer Prices 118.30 105.10 points Mar 2022
Producer Prices Change 17.00 5.60 percent Mar 2022
Food Inflation 13.90 13.20 percent Jul 2022
CPI Transportation 125.30 130.17 points Jul 2022
CPI Housing Utilities 104.00 103.20 points Jul 2022
Harmonised Consumer Prices 109.00 109.40 points Jun 2022

Albania’s Inflation Hits Over 20-Year High
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.
Actual Previous Highest Lowest Dates Unit Frequency
7.50 7.40 42.08 -2.11 1995 - 2022 percent Monthly
2020M12=100, NSA

News Stream
Albania’s Inflation Hits Over 20-Year High
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.
2022-08-09
Albania December Inflation Rate at 10-1/2-Year High
The annual inflation rate in Albania quickened to 3.7 percent in December of 2021, from 3.1 percent in the previous month. That was the highest rate since June of 2011, mainly due to rising prices of transport (9 percent vs 8.8 percent in November); food & non-alcoholic beverages (6.4 percent vs 5 percent); recreation & culture (4.2 percent vs 3.8 percent); hotels, cafes & restaurants (3.3 percent vs 2.4 percent) and housing & utilities (1.9 percent vs 1.7 percent). On a monthly basis, consumer prices inched up 0.8 percent, the biggest increase in ten months.
2022-01-12
Albania Inflation Rate at Over 10-Year High in November
The annual inflation rate in Albania increased to 3.1 percent in November of 2021 from 2.4 percent in the previous month. It was the highest inflation rate since July of 2011, mainly due to an acceleration in prices of food & non-alcoholic beverages (5 percent vs 3.9 percent in October) and transport (8.8 percent vs 6.8 percent). Also, inflation quickened for housing & utilities (1.7 percent vs 1.2), furniture, household goods & maintenance (1.2 percent vs 0.8 percent), recreation & culture (3.8 percent vs 2.7 percent), and hotels & restaurants (2.4 percent vs 1.9 percent). On a monthly basis, consumer prices went up 0.2, after a 0.1 percent uptick in October.
2021-12-09