Annual inflation rate in Albania decreased to 1.3 percent in June of 2019 from 1.5 percent in the previous month, the lowest since March. Cost slowed for food & non-alcoholic beverages (2.7 percent from 3.1 percent in May), particularly vegetables (1.6 percent from 10.5 percent) and fish (0.1 percent from 0.9 percent); housing & utilities (0.8 percent from 1.1 percent), namely fuel & power (0.6 percent from 1.1 percent) and clothing & footwear (0.2 percent from 0.5 percent). Also, prices fell further for transport (-0.6 percent from -0.1 percent); and inflation was steady for furniture & household equipment (at 0.7 percent); alcoholic beverages & tobacco (at 1.4 percent); education (at 0.7 percent) and communication (at 0.2 percent). On a monthly basis, consumer prices went down 0.3 percent, after a 1 percent drop in May. Inflation Rate in Albania averaged 2.94 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 1.70 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 2.30 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.