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.

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Albania Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.40 1.10 42.08 -2.11 1995 - 2021 percent Monthly
2020M12=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-09 02:00 PM Oct 2% 1.5% 1.4%
2020-12-09 11:00 AM Nov 1.6% 2% 2.1%
2021-01-12 11:00 AM Dec 1.1% 1.6% 1.7%
2021-02-12 11:00 AM Jan 0.4% 1.1% 1.3%
2021-03-08 11:00 AM Feb 0.4%
2021-04-08 10:00 AM Mar
2021-05-10 10:00 AM Apr
2021-06-08 10:00 AM May


News Stream
Albania Inflation Rate Slows to 5-Year Low
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.
2021-02-12
Albania Inflation Rate Slows to 1-Year Low
The annual inflation rate in Albania fell to 1.1 percent in December of 2020 from 1.6 percent in the previous month. It was the lowest inflation rate since December of 2019, as cost slowed for food & non-alcoholic beverages (1.1 percent vs 1.6 percent in November); housing & utilities (1.2 percent vs 1.3 percent); miscellaneous goods & services (0.7 percent vs 0.9 percent) and recreation & culture (0.5 percent vs 0.9 percent). Also, prices continued to fall for transport (-4.9 percent vs -4.6 percent); clothing & footwear (-0.6 percent, the same as in the previous month) and health (-0.2 percent vs -0.3 percent). On the other hand, cost rose further for alcoholic beverages & tobacco (0.9 percent vs 0.6 percent) while inflation was steady for furniture & household goods (at 1.2 percent); communication (at 0.5 percent) and hotels & restaurants (0.7 percent). On a monthly basis, consumer prices went up 0.3 percent, after a 0.5 percent drop in November.
2021-01-12
Albania November Inflation Rate Edges Down to 1.6%
The annual inflation rate in Albania fell to 1.6 percent in November of 2020 from 2 percent in the previous month, amid a slowdown in prices of food & non-alcoholic beverages (3.9 percent vs 4.9 percent in October); housing & utilities (1.3 percent vs 1.5 percent) and furnishings (1.2 percent vs 1.5 percent). Also, costs continued to decrease for transport (-4.6 percent vs -4.3 percent); clothing & footwear (-0.6 percent vs -0.8 percent) and health (-0.3 percent vs -0.4 percent). On a monthly basis, consumer prices were down 0.5 percent, following a 0.2 percent in the previous month.
2020-12-09
Albania October Inflation Rate Rises to 5-Month High of 2%
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.
2020-11-09

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.