Annual inflation rate in Albania decreased to 1.1 percent in December of 2019 from 1.4 percent in the previous month, the lowest since March. Cost slowed for food & non-alcoholic beverages (2.6 percent vs 3.2 percent in November); furniture & household equipment (1.2 percent vs 1.5 percent) and alcoholic beverages & tobacco (0.2 percent vs 1.1 percent). On the other hand, inflation was steady for housing & utilities (at 0.1 percent) and miscellaneous goods & services (at 0.2 percent) while transport cost rebounded (0.2 percent vs -1.6 percent). On a monthly basis, consumer prices went up 0.8 percent, rebounding from a 0.1 percent fall in November.
Inflation Rate in Albania averaged 2.90 percent from 1995 until 2019, 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. source: Instituti i Statistikave (INSTAT)
Inflation Rate in Albania is expected to be 1.80 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 2.50 in 12 months time. In the long-term, the Albania Inflation Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.