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.