Albanian consumer prices increased 1.4 percent year-on-year in April of 2019, slightly higher than a 1.1 percent rise in the previous month, as prices advanced faster for food & non-alcoholic beverages (2.7 percent vs 2.0 percent in March); housing & utilities (1.2 percent vs 1.1 percent); furniture & household equipment (0.7 percent vs 0.5 percent) and clothing & footwear (0.3 percent from a flat reading). On the other hand, cost rose at a softer pace for transport (0.4 percent vs 0.5 percent) and for hotels, cafes and restaurants (1.1 percent vs 1.2 percent) while inflation was steady for alcoholic beverages & tobacco (at 1.0 percent). Additionally, prices fell for recreation & culture (-1.1 percent vs 1.1 percent) and health (-0.3 percent vs -0.4 percent). On a monthly basis, consumer prices decreased 0.2 percent, following a 0.3 percent decline in March. Inflation Rate in Albania averaged 2.95 percent from 1995 until 2019, 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.
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 2.50 in 12 months time. In the long-term, the Albania Inflation Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.