The annual inflation rate in Albania edged down to 1.8 percent in June of 2020 from 2.1 percent in the previous month. It was the lowest inflation rate since February, amid a slowdown in prices of food & non-alcoholic beverages (4.1 percent vs 4.9 percent in May) and a further decline in transport costs (-4 percent vs -3.7 percent). Meantime, inflation remained steady for housing & utilities (at 1.4 percent); alcoholic beverages & tobacco (at 0.6 percent); communication (at 0.4 percent) and miscellaneous goods & services (at 0.3 percent). On a monthly basis, consumer prices were down 0.6 percent, after falling 0.8 percent in the prior month.

Inflation Rate in Albania averaged 2.87 percent from 1995 until 2020, 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 August of 2020. source: Instituti i Statistikave (INSTAT)

Inflation Rate in Albania is expected to be 2.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Albania to stand at 2.70 in 12 months time. In the long-term, the Albania Inflation Rate is projected to trend around 2.80 percent in 2021 and 3.00 percent in 2022, according to our econometric models.

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Albania Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.80 2.10 42.08 -2.11 1995 - 2020 percent Monthly
2015M12=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-08 10:00 AM Mar 2.1% 1.2% 1.1%
2020-05-08 10:00 AM Apr 1.9% 2.1% 2%
2020-06-08 10:30 AM May 2.1% 1.9% 1.5%
2020-07-08 10:00 AM Jun 1.8% 2.1% 2.2%
2020-08-10 10:00 AM Jul 1.8%
2020-09-08 10:00 AM Aug
2020-10-08 10:00 AM Sep 2.3%
2020-11-09 11:00 AM Oct


News Stream
Albania June Inflation Rate at 4-Month Low of 1.8%
The annual inflation rate in Albania edged down to 1.8 percent in June of 2020 from 2.1 percent in the previous month. It was the lowest inflation rate since February, amid a slowdown in prices of food & non-alcoholic beverages (4.1 percent vs 4.9 percent in May) and a further decline in transport costs (-4 percent vs -3.7 percent). Meantime, inflation remained steady for housing & utilities (at 1.4 percent); alcoholic beverages & tobacco (at 0.6 percent); communication (at 0.4 percent) and miscellaneous goods & services (at 0.3 percent). On a monthly basis, consumer prices were down 0.6 percent, after falling 0.8 percent in the prior month.
2020-07-08
Albania Inflation Rate Edges Up to 2.1%
Consumer prices in Albania increased 2.1 percent year-on-year in May of 2020, slightly abve 1.9 percent in April. Prices rose faster for food and non-alcoholic beverages (4.9 percent vs 4.3 percent) and housing and utilities (1.4 percent vs 1.3 percent). On the other hand, main downward contributions came from cost of transport (-3.7 percent vs -3.1 percent), health (-0.6 percent vs -0.7 percent) and clothing and footwear (-0.7 percent, the same as in April). On a monthly basis, consumer prices were down 0.8 percent, the biggest fall in a year, mainly due to a 2.1 percent fall in cost of food and non-alcoholic beverages.
2020-06-08
Albania Inflation Rate Slows to 1.9% in April
The annual inflation rate in Albania decreased to 1.9 percent in April of 2020 from 2.1 percent in the previous month. Prices slowed for food & non-alcoholic beverages (4.3 percent vs 4.6 percent in March) and housing & utilities (1.3 percent vs 1.7 percent). Also, cost fell further for transport (-3.1 percent vs -1.5 percent); clothing & footwear (-0.7 percent vs -0.6 percent), health (-0.7 percent vs -0.6 percent) and communication (-0.3 percent vs -0.4 percent). On a monthly basis, consumer prices went down 0.4 percent, after a 0.6 percent gain in March.
2020-05-08
Albania Inflation Rate Picks Up to 1-1/2-Year High
The annual inflation rate in Albania jumped to 2.1 percent in March 2020 from 1.2 percent in the previous month. It was the highest inflation since September 2018, as cost advanced faster for food and non-alcoholic beverages (4.6 percent vs 1.9 percent in February); housing and utilities (1.7 percent vs 1.4 percent) and furniture, household goods and maintenance (0.9 percent vs 0.8 percent). Meantime, transport prices fell 1.5 percent, compared to a 1.2 percent rise in the prior month. On a monthly basis, consumer prices went up 0.6 percent, following a 0.4 percent gain in February.
2020-04-08

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.