The annual inflation rate in Albania rose to 1.2 percent in March of 2021 from 1.1 percent in the previous month, reaching its highest level since last November. Main upward pressure came from prices of food & non-alcoholic beverages (3.1 percent vs 3.2 percent in February); furnishings (2.2 percent, the same pace as in February); clothing & footwear (0.2 percent vs -0.6 percent) and communication (2.2 percent vs 0.7 percent). On a monthly basis, consumer prices were up 0.7 percent, slowing from a 1.1 percent increase in the previous month. 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 April 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.

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Albania Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.20 1.10 42.08 -2.11 1995 - 2021 percent Monthly
2020M12=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
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 1.1% 0.4% 0.7%
2021-04-08 10:00 AM Mar 1.2% 1.1% 1.3%
2021-05-10 10:00 AM Apr 1.2% 1.5%
2021-06-08 10:00 AM May
2021-07-08 10:00 AM Jun
2021-08-09 10:00 AM Jul


News Stream
Albania March Inflation Rate at 4-Month High
The annual inflation rate in Albania rose to 1.2 percent in March of 2021 from 1.1 percent in the previous month, reaching its highest level since last November. Main upward pressure came from prices of food & non-alcoholic beverages (3.1 percent vs 3.2 percent in February); furnishings (2.2 percent, the same pace as in February); clothing & footwear (0.2 percent vs -0.6 percent) and communication (2.2 percent vs 0.7 percent). On a monthly basis, consumer prices were up 0.7 percent, slowing from a 1.1 percent increase in the previous month.
2021-04-08
Albania Inflation Rate Rebounds from 5-Year Low
Annual inflation rate in Albania increased to 1.1 percent in February of 2021 from a 5-year low of 0.4 percent in January. Prices rose faster for food and non-alcoholic beverages (3.2 percent vs 1.2 percent in January); furniture household and maintenance (2.2 percent vs 2 percent); alcoholic beverages and tobacco (1.4 percent vs 1.1 percent). Also, cost of housing and utilities was flat, after falling 0.1 percent in January and transport prices also fell less (-3.9 percent vs -4.7 percent). On a monthly basis, consumer prices surged 1.1 percent.
2021-03-08
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 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.