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.

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Albania Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-09 10:00 AM Apr 6.2% 5.7% 6%
2022-06-08 12:00 PM May 6.7% 6.2% 8%
2022-07-08 10:00 AM Jun 6.7%


Related Last Previous Unit Reference
Inflation Rate 6.70 6.20 percent May 2022
Inflation Rate Mom -0.50 0.70 percent May 2022
Consumer Price Index CPI 109.18 109.68 points May 2022
Producer Prices 118.30 105.10 points Mar 2022
Producer Prices Change 17.00 5.60 percent Mar 2022
Harmonised Consumer Prices 109.40 110.30 points May 2022
Food Inflation 11.90 10.40 percent May 2022
CPI Transportation 124.61 123.93 points May 2022
CPI Housing Utilities 103.20 102.80 points May 2022

Albania Inflation Rate
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
6.70 6.20 42.08 -2.11 1995 - 2022 percent Monthly
2020M12=100, NSA

News Stream
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
Albania Inflation Rate at Near 5-Year High in September
The annual inflation rate in Albania ticked up to 2.5 percent in September of 2021 from 2.4 percent in the previous month. It was the highest inflation rate since January of 2017, mainly driven by a rise in prices of food & non-alcoholic beverages (4.6 percent vs 4.6 percent in August), transports (4.5 percent vs 4.3 percent), communication (3 percent vs 2.9 percent), and recreation & culture (2.1 percent vs 1.4 percent). Meanwhile, the prices for miscellaneous goods & services fell (-0.2 percent vs 0.3 percent). On a monthly basis, consumer prices went up 0.5 percent after a 0.4 percent increase in the prior month.
2021-10-08