Producer prices in Albania rose 0.5 percent year-on-year in the fourth quarter of 2018, easing from a 2.8 percent increase in the previous period. It was the lowest producer inflation since the third quarter of 2016, as prices continued to decline for manufacturing (-1.5 percent vs -1.0 percent in Q3). Additionally, cost slowed for mining & quarrying (4.3 percent vs 20.2 percent) and for water supply, treatment activities & waste management (1.5 percent vs 2.0 percent). In contrast, prices rose faster for electricity, gas, steam & air conditioning supply (1.7 percent vs 1.5 percent). On a quarterly basis, producer prices went down 0.6 percent, compared to a 0.4 percent rise in the previous quarter. Producer Prices Change in Albania averaged 0.99 percent from 2006 until 2018, reaching an all time high of 6.69 percent in the fourth quarter of 2007 and a record low of -4.04 percent in the first quarter of 2016.
Producer Prices Change 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 Producer Prices Change in Albania to stand at 1.90 in 12 months time. In the long-term, the Albania Producer Prices Change is projected to trend around 2.10 percent in 2020, according to our econometric models.