The annual inflation rate in Albania increased to 1.5 percent in September of 2020 from 1.3 percent in the previous month. Cost advanced faster for food & non-alcoholic beverages (3.8 percent vs 3.1 percent in August) and miscellaneous goods (0.9 percent vs 0.6 percent). Meantime, inflation was steady for housing & utilities (at 1.5 percent), hotels & restaurants (at 0.6 percent) and communication (at 0.5 percent), while prices slowed for furniture & household goods (1.3 percent vs 1.9 percent) and alcoholic beverages & tobacco (0.4 percent vs 0.6 percent). On the other hand, cost continued to fall for transport (-4.6 percent vs -5.8 percent); clothing & footwear (-0.7 percent vs -0.2 percent) and health (-0.4 percent vs -0.2 percent). On a monthly basis, consumer prices went up 0.4 percent, following a 0.2 percent gain in August.
Inflation Rate in Albania averaged 2.86 percent from 1995 until 2020, 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 October of 2020. source: Instituti i Statistikave (INSTAT)
Inflation Rate in Albania is expected to be 2.00 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 2.40 in 12 months time. In the long-term, the Albania Inflation Rate is projected to trend around 2.50 percent in 2021 and 3.00 percent in 2022, according to our econometric models.