The annual inflation rate in Albania quickened to 6.7 percent in May of 2022, from 6.2 percent in the previous month. It was the highest inflation rate since March of 2002 led by higher prices of food and non-alcoholic beverages (11.4 percent vs 10.4 percent in April), housing and utilities (2.7 percent vs 2.6 percent), furniture and household equipment (3.2 percent vs 2.7 percent), and restaurants and hotels (5.3 percent vs 4.9 percent). On a monthly basis, consumer prices fell 0.5 percent compared to a 0.7 percent rise in April. source: Instituti i Statistikave (INSTAT)
Inflation Rate in Albania averaged 2.85 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 Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on June 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.