Fluctuations of consumer price index in Albania

Fluctuations of consumer price index in Albania

Tirana, 12 February 2016/Independent Balkan News Agency

Prices for the main goods and services in Albania have seen fluctuations in the early weeks of this year.

The biggest rise is seen in the group “Education Service” with 4,8%, followed by “Food and non alcoholic beverages” with 4,3%.

The biggest drop is seen in the group “Clothing and footwear” with -3,7% followed by “Transport” with -2,5% and “Health” with -1,6%.

Albanian Institute of Statistics (INSTAT) reports than in January 2016, the annual rate in January has been mainly affected by the group “Food and non alcoholic beverages” with +1,55%.

The full data:

Consumer Price Index in January 2016 reached 100.9 % considerating December 2015 as base period.

In January 2016 the annual rate of consumer price is 1.5 %. A year before the annual rate was 1.3 %.

Contribution of main groups in yearly changes of CPI: Annual growth rate in January was push up mainly from “Food and non-alcoholic beverage” group by +1.55 p.p.

Prices of “Education service” group contributed by + 0.19 p.p. in annual rate.

Prices of “Alcoholic beverages and tobacco” group contributed by +0.16 p.p.

Prices of “Hotel, coffee-house and restaurants” and “Recreation and culture” groups contributed +0.03 p.p..

Price of “Housing, water, electricity gas and other fuel” group contributed by -0.27 p.p..

Prices of “Transport” groups, contributed by -0.16 p.p..

Prices of “Clothing and footwear” group contributed by -0.15 p.p..

Prices of “Health” and “Communication” group contributed respectably by-0.06 and -0.03.

Yearly rate of main groups:

Compared to January 2015, prices increased the most in the group “Food and non-alcoholic beverage” by 4.3 %, followed by “Education services” group by 4.8 %, “Alcoholic drinks and tobacco” by 3.3 %, etc.

Within the food group prices of “fruits” are increased by 24.7 %, followed by “vegetables include potatoes” subgroup by 19.3 %, “sugar, jam and dessert” subgroup by 1.4 %, “oil and fat” subgroup by 0.8 %, , etc.

Meanwhile prices of “milk, cheese and eggs” subgroup are decreased by 5.5 %, followed by “coffee and tea” subgroup by 1.3 %, “meet” subgroup” by 0.8 %. etc.

On the other hand prices decreased the most in the “Clothing and footwear” group by 3.7 %, followed by “Transport” group by 2.5 %, “Health” group by 1.6 %, Monthly rate of consumer price is 0.9 %.

Compared to December 2015 prices increased the most in “Food and non-alcoholic beverage” group by 2.5 %.

Price are decreased the most in “transport” group by 3,3 %.

Compared with previous month price of diesel was decrease by 5,8 % and price of petrol was decrease by 5.6 %.

FULL REPORT – PDF