The annual inflation rate in Albania rose to 8.3 percent in October of 2022 from 8.1 percent in the previous month, the highest since 1998. Cost accelerated for (food & non-alcoholic beverages (14.6 percent vs 14 percent in September); housing & utilities (3.6 percent vs 3.3 percent); furniture & household equipment (6.5 percent vs 5.5 percent); miscellaneous goods & services (3.3 percent vs 2.9 percent) and health (1.3 percent vs 0.9 percent). On the other hand, prices slowed for transport (16.9 percent vs 17.2 percent); alcoholic beverages & tobacco (5.7 percent vs 6.5 percent); recreation & culture (1.7 percent vs 4.7 percent); communication (0.7 percent vs 0.9 percent) and restaurant & hotels (6.1 percent vs 6.4 percent). On a monthly basis, consumer prices went up 0.4 percent, after a 0.6 percent increase in September. source: Instituti i Statistikave (INSTAT)

Inflation Rate in Albania averaged 2.93 percent from 1995 until 2022, 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 2022.

Inflation Rate in Albania is expected to be 7.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Albania’s Inflation Hits Over 20-Year High is projected to trend around 3.50 percent in 2023 and 2.10 percent in 2024, according to our econometric models.

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Albania Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-10-10 11:00 AM Sep 8.1% 8% 8.7%
2022-11-08 11:00 AM Oct 8.3% 8.1% 8.5%
2022-12-09 11:00 AM Nov 8.3%


Related Last Previous Unit Reference
Inflation Rate 8.30 8.10 percent Oct 2022
Inflation Rate MoM 0.40 0.60 percent Oct 2022
Consumer Price Index CPI 111.20 110.81 points Oct 2022
Producer Prices 122.10 118.30 points Jun 2022
Producer Prices Change 20.50 17.00 percent Jun 2022
Food Inflation 15.20 14.60 percent Oct 2022
CPI Transportation 125.00 123.16 points Oct 2022
CPI Housing Utilities 105.00 104.40 points Oct 2022
Harmonised Consumer Prices 111.00 110.30 points Sep 2022

Albania Inflation Rate
In Albania, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (35.1 percent of total weight). Housing and Utilities account for 19.3 percent; Furniture, Household Goods and Maintenance for 7.4 percent; Transport for 6.0 percent; Miscellaneous Goods and Services for 5.7 percent and Alcoholic Beverages and Tobacco for 5.1 percent. Clothing and Footwear; Health; Education; Recreation and Culture; Communication and Restaurants and Hotels account for the remaining 21.5 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
8.30 8.10 42.08 -2.11 1995 - 2022 percent Monthly
2020M12=100, NSA

News Stream
Albania Inflation Rate Accelerates in October
The annual inflation rate in Albania rose to 8.3 percent in October of 2022 from 8.1 percent in the previous month, the highest since 1998. Cost accelerated for (food & non-alcoholic beverages (14.6 percent vs 14 percent in September); housing & utilities (3.6 percent vs 3.3 percent); furniture & household equipment (6.5 percent vs 5.5 percent); miscellaneous goods & services (3.3 percent vs 2.9 percent) and health (1.3 percent vs 0.9 percent). On the other hand, prices slowed for transport (16.9 percent vs 17.2 percent); alcoholic beverages & tobacco (5.7 percent vs 6.5 percent); recreation & culture (1.7 percent vs 4.7 percent); communication (0.7 percent vs 0.9 percent) and restaurant & hotels (6.1 percent vs 6.4 percent). On a monthly basis, consumer prices went up 0.4 percent, after a 0.6 percent increase in September.
2022-11-08
Albania Inflation Rate at 1998 High
The annual inflation rate in Albania picked up to 8.1 percent in September of 2022 from 8 percent in the previous month, the highest since 1998. Cost accelerated for housing & utilities (3.3 percent vs 3.2 percent in August); furniture & household equipment (5.5 percent vs 4.7 percent); alcoholic beverages & tobacco (6.5 percent vs 6.2 percent); miscellaneous goods & services (2.9 percent vs 1.9 percent); clothing & footwear (3 percent vs 1.9 percent); health (0.9 percent vs 0.6 percent); education (1.8 percent vs 0.7 percent) and restaurant & hotels (6.4 percent vs 6.2 percent). On the other hand, prices slowed for transport (17.2 percent vs 19.3 percent) and recreation & culture (4.7 percent vs 5.2 percent) while inflation was steady for food & non-alcoholic beverages (at 14 percent) and communication (at 0.9 percent). On a monthly basis, consumer prices went up 0.6 percent, after a 0.8 percent increase in August.
2022-10-10
Albania Inflation Hits Over 20-Year High in August
The annual inflation rate in Albania accelerated for the seventh month to 8% in August of 2022, from 7.5% in the prior month. It was the highest reading since December of 1998, mainly due to soaring prices of transport (19.3% vs 19.7% in July) and food & non-alcoholic beverages (14% vs 13.2%), notably oils & fats (28.8%), milk (22.3%) and bread & cereals (20.4%). On a monthly basis, consumer prices were up by 0.8%, the most in five months, after a 0.2% rise in the previous month.
2022-09-08