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.

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Albania Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.30 42.08 -2.11 1995 - 2020 percent Monthly
2015M12=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-07-08 10:00 AM Jun 1.8% 2.1% 2.2%
2020-08-10 10:00 AM Jul 1.4% 1.8% 2%
2020-09-08 10:00 AM Aug 1.3% 1.4% 1.2%
2020-10-08 12:00 PM Sep 1.5% 1.3% 1.2%
2020-11-09 11:00 AM Oct 1.5%
2020-12-09 11:00 AM Nov


News Stream
Albania Inflation Rate Picks Up to 1.5% in September
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.
2020-10-08
Albania Inflation Rate at 6-Month Low
The annual inflation rate in Albania decreased to 1.3 percent in August of 2020 from 1.4 percent in the previous month. It was the lowest inflation since February, mainly due to a faster drop in transport prices (-5.8 percent vs -4.8 percent in July). Meantime, inflation was steady for food & non-alcoholic beverages (at 3.1 percent) and miscellaneous goods & services (at 0.6 percent). On the other hand, cost advanced faster for housing & utilities (1.5 percent vs 1.4 percent); furniture & household goods (1.9 percent vs 1.8 percent) and alcoholic beverages & tobacco (0.6 percent vs 0.7 percent). On a monthly basis, consumer prices went up 0.2 percent, after a 0.5 percent drop in July.
2020-09-08
Albania Inflation Rate at 5-Month Low of 1.4%
The annual inflation rate in Albania decreased to 1.4 percent in July of 2020 from 1.8 percent in the previous month. It was the lowest inflation since February, as cost slowed for food & non-alcoholic beverages (3.1 percent vs 4.1 percent in June); furniture & household goods (1.8 percent vs 2 percent) and recreation & culture (1.4 percent vs 2.9 percent). Meantime, inflation was steady for housing & utilities (at 1.4 percent); education (at 0.2 percent) and restaurant & hotels (at 0.5 percent). Cost continued to fall for transport (-4.8 percent vs -4 percent); clothing & footwear (-0.2 percent vs -0.5 percent) and health (-0.2 percent vs -0.6 percent).
2020-08-10
Albania June Inflation Rate at 4-Month Low of 1.8%
The annual inflation rate in Albania edged down to 1.8 percent in June of 2020 from 2.1 percent in the previous month. It was the lowest inflation rate since February, amid a slowdown in prices of food & non-alcoholic beverages (4.1 percent vs 4.9 percent in May) and a further decline in transport costs (-4 percent vs -3.7 percent). Meantime, inflation remained steady for housing & utilities (at 1.4 percent); alcoholic beverages & tobacco (at 0.6 percent); communication (at 0.4 percent) and miscellaneous goods & services (at 0.3 percent). On a monthly basis, consumer prices were down 0.6 percent, after falling 0.8 percent in the prior month.
2020-07-08

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.