The annual inflation rate in Albania climbed to 1.9 percent in April of 2021 from 1.2 percent in the previous month. It was the highest rate since October 2020, as prices advanced faster for food and non-alcoholic beverages (4.5 percent vs 3.1 percent in March); miscellaneous goods and services (0.8 percent vs 0.5 percent); recreation and culture (1.3 percent vs 0.1 percent); alcoholic beverages and tobacco (1.7 percent vs 1.3 percent) and communication (3.6 percent vs 2.2 percent). In addition, transport cost rebounded (0.3 percent vs -1.6 percent) and inflation was steady for housing & utilities (at 0.1 percent). On a monthly basis, consumer prices went up 0.2 percent, following a 0.7 percent rise in March. source: Instituti i Statistikave (INSTAT)
Inflation Rate in Albania averaged 2.82 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 May of 2021.
Inflation Rate in Albania is expected to be 1.40 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 2.10 in 12 months time. In the long-term, the Albania Inflation Rate is projected to trend around 3.00 percent in 2022 and 2.80 percent in 2023, according to our econometric models.