Inflation in Albania rises

Inflation in Albania rises
In February 2018 the annual rate of consumer prices is 2.1 %. A year before the annual rate was 2.2 %. Compared with January 2018, the monthly change of Consumer Price Index in February 2018 is 0.8 %.

Contribution of main groups in yearly changes of CPI: Annual growth rate in February was pushed up mainly by “Food and non-alcoholic beverage” group by +1.03 p.p. Prices of “Housing, water, electricity and other fuel” group contributed by +0.62 p.p. Prices of “Transport” group contributed by +0.14 p.p. Prices of “Clothing and footwear” group contributed by +0.11 p.p. Prices of “Alcoholic beverages and tobacco” group contributed by +0.06 p.p. Prices of “Communication” group contributed by +0.03 p.p. Prices of “Education service”, “Hotels, coffee-house and restaurants” and “Different goods and service” groups have contributed by +0.02 p.p. each of them. Prices of “Housing, water, electricity, gas and other fuels” group contributed by +0.01 p.p.

Yearly rates of main groups: Compared to February 2017, prices increased the most in the group “Housing, water, electricity and other fuel” by 3.1 %, followed by “Clothing and footwear” by 2.9%, “Food and non-alcoholic beverage” by 2.7 %, “Transport” by 2.3 %, “Alcoholic beverages and tobacco” by 1.6 %, “Hotels, coffee-house and restaurants” by 0.7 %, “Education service” by 0.6 %, etc. Within the food group prices of “fruits” subgroup are increased by 17.8 % followed by “fish” subgroup by 5.9 %, “vegetables include potatoes” by 4.0 %, etc. On the other hand prices of by “sugar, jam and dessert” are decreased by 1.8 %. Monthly rates of main groups: Compared with January 2018 prices increased the most in “Food and non-alcoholic beverage” group by 2.0 %, followed by “Communication” and “Recreation and culture” groups by 0.4 each of them. The most decrease of the prices was noticed in the “Clothing and footwear” group by 0.6 %. /balkaneu.com/

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