Albania’s annual inflation slows down in Sept

Source: SeeNews

Albania’s consumer prices rose by 1.3% year-on-year in September, after increasing by 1.4% in August, the country’s statistical office said on Tuesday.

Prices of food and non-alcoholic beverages, which have the largest weight of 37.0% in the consumer basket, grew 2.5% year-on-year in September, after adding 2.4% in the previous month, INSTAT said in a monthly inflation report.

Prices of housing, water, electricity and fuel, which have 21.5% weight in the consumer basket, increased 0.7% in September, after growing 0.8% in August.

On a monthly comparison basis, consumer prices in Albania rose 0.1% in September, after adding 0.3% in August.

Last week, Albania’s central bank decided to keep its key policy rate unchanged at record low 1.0%, as inflation is expected to return to the central bank’s target of 3.0% in the second half of 2021.

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