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.