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.