The annual inflation rate in Albania rose to 2 percent in October 2020 from 1.5 percent in the previous month. Prices increased further for food & non-alcoholic beverages (4.9 percent vs 3.8 percent in September); hotels & restaurants (0.8 percent vs 0.6 percent); and furniture & household goods (1.5 percent vs 1.3 percent). Additionally, cost of transport fell less (-4.3 percent vs -4.6 percent). On the other hand, inflation was steady for housing & utilities (at 1.5 percent); miscellaneous goods (at 0.9 percent); and communication (at 0.5 percent). Also, cost of alcoholic beverages & tobacco slowed (0.3 percent vs 0.4 percent) while prices of clothing & footwear declined at a faster pace (-0.8 percent vs -0.7 percent). On a monthly basis, consumer prices went up 0.2 percent, easing from a 0.4 percent in the prior month. source: Instituti i Statistikave (INSTAT)
Inflation Rate in Albania averaged 2.85 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 November of 2020.
Inflation Rate in Albania is expected to be 2.00 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 2.40 in 12 months time. In the long-term, the Albania Inflation Rate is projected to trend around 2.50 percent in 2021 and 3.00 percent in 2022, according to our econometric models.