Albania's consumer price inflation rate eased to 0.4 percent year-on-year in January 2021, the lowest since April 2016, due to a softer increase in food prices (1.2 percent vs 2.6 percent in December) and declines in cost for both housing and utilities (-0.1 percent vs 1.1 percent) and transport (-4.8 percent vs -4.9 percent). Meanwhile, inflation picked up for furniture household and maintenance (1.9 percent vs 1.1 percent), alcoholic beverages and tobacco (1.1 percent vs 0.9 percent) and miscellaneous goods and services (0.9 percent vs 0.7 percent). On a monthly basis, consumer prices climbed 1.3 percent in January. source: Instituti i Statistikave (INSTAT)
Inflation Rate in Albania averaged 2.83 percent from 1995 until 2021, 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 February of 2021.
Inflation Rate in Albania is expected to be 1.50 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 1.70 in 12 months time. In the long-term, the Albania Inflation Rate is projected to trend around 2.50 percent in 2022, according to our econometric models.