The annual inflation rate in Albania dropped for the sixth consecutive period to 4.6% in April 2023, following 7.1% in March. It was the lowest reading since February last year due to softer growth in prices of food & non-alcoholic beverages (9.6% vs 11% in the previous month); hotels, coffee-houses & restaurants (4.5% vs 4.6%); and clothing & footwear (3.9% vs 3.7%). The cost also decreased sharper for transportation (-10.7% compared to -7.5%). However, inflation accelerated for furniture household goods and maintenance (6.7% vs 6.6%); clothing & footwear (3.9% vs 3.7%), alcoholic beverages & tobacco (3.8 % vs 2.8%); and miscellaneous goods & services (3.6% vs 3.2%). Monthly, consumer prices edged up by 0.03% in April, easing from a prior 0.7% increase. source: Instituti i Statistikave (INSTAT)

Inflation Rate in Albania averaged 3.01 percent from 1995 until 2023, 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 June of 2023.

Inflation Rate in Albania is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Albania Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-04-07 09:00 AM Mar 5.3% 7.1% 6.7%
2023-05-08 10:10 AM Apr 4.6% 5.3%
2023-06-08 11:00 AM May 4.6% 3.5%


Related Last Previous Unit Reference
Inflation Rate 4.60 5.30 percent Apr 2023
Inflation Rate MoM 0.03 0.70 percent Apr 2023
Consumer Price Index CPI 114.70 114.67 points Apr 2023
Producer Prices 127.60 124.70 points Dec 2022
Producer Prices Change 21.40 20.80 percent Dec 2022
Harmonised Consumer Prices 115.80 115.60 points Apr 2023
Food Inflation 10.10 11.50 percent Apr 2023
CPI Transportation 110.68 111.96 points Apr 2023
CPI Housing Utilities 105.20 105.20 points Apr 2023

Albania Inflation Rate
In Albania, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (35 percent of total weight). Housing and Utilities account for 19 percent; Furniture, Household Goods and Maintenance for 7 percent; Transport for 6 percent; Miscellaneous Goods and Services for 6 percent and Alcoholic Beverages and Tobacco for 5 percent. Clothing and Footwear; Health; Education; Recreation and Culture; Communication and Restaurants and Hotels account for the remaining 22 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
4.60 5.30 42.08 -2.11 1995 - 2023 percent Monthly
2020M12=100, NSA

News Stream
Albania Inflation Eases for 6th Month
The annual inflation rate in Albania dropped for the sixth consecutive period to 4.6% in April 2023, following 7.1% in March. It was the lowest reading since February last year due to softer growth in prices of food & non-alcoholic beverages (9.6% vs 11% in the previous month); hotels, coffee-houses & restaurants (4.5% vs 4.6%); and clothing & footwear (3.9% vs 3.7%). The cost also decreased sharper for transportation (-10.7% compared to -7.5%). However, inflation accelerated for furniture household goods and maintenance (6.7% vs 6.6%); clothing & footwear (3.9% vs 3.7%), alcoholic beverages & tobacco (3.8 % vs 2.8%); and miscellaneous goods & services (3.6% vs 3.2%). Monthly, consumer prices edged up by 0.03% in April, easing from a prior 0.7% increase.
2023-05-08
Albania Inflation Rate Slows to Over 1-Year Low of 5.3%
The annual inflation rate in Albania fell for the fifth straight month to 5.3% in March 2023, decelerating from 7.1% in the previous month. It was the lowest reading since February last year, amid softer rises in prices of several CPI items, mostly food & non-alcoholic beverages (11% vs 13.5% in February); hotels, coffee-houses and restaurants (4.6% vs 5.5%); alcoholic beverages & tobacco (2.8% vs 5.1%); clothing & footwear (3.7% vs 4.4%) and housing & utilities (2.6% vs 3.1%). In the meantime, prices decreased significantly for transportation (-7.5% vs 1.7%). On a monthly basis, consumer prices went up by 0.7% in March, after increasing by 1.1% in the prior month.
2023-04-07
Albania Inflation Rate at 9-Month Low
The annual inflation rate in Albania eased to 7.1 percent in February of 2023, the lowest in nine months, from 7.2 percent in the previous month. Prices advanced at a softer pace for transport (1.7 percent vs 6.5 percent in January) and hotels, coffee-houses & restaurants (5.5 percent vs 5.6 percent), while inflation was steady for alcoholic beverages & tobacco (at 5.1 percent), health (at 1 percent) and education (at 2.3 percent). On the other hand, cost grew further for food & non-alcoholic beverages (13.5 percent vs 13.3 percent), clothing & footwear (4.4 percent vs 4.1 percent), housing, water, electricity, gas & other fuels (3.1 percent vs 3 percent), recreation & culture (3.4 percent vs 1.8 percent) and furniture household & maintenance (6.9 percent vs. 6.4 percent). On a monthly basis, consumer prices stood at 1.1 percent in February, unchanged from the previous month.
2023-03-08