Albania’s CPI inflation slows down to 1.7% y/y in April

By bne IntelliNews May 9, 2014

Albania’s consumer prices increased by 1.7% y/y in April 2014, slowing down from 2.2% y/y in the previous month, the statistics institute, INSTAT, informed. The annual growth was also below its year-ago level of 2.3%.

In monthly terms, consumer prices decreased by 0.6% in April, reversing a 0.5% y/y rise in March.

Food prices, which traditionally determine the overall trend, grew by 1.8% y/y, easing from a 2.8% hike in March. The growth was mainly supported by a 16.6% y/y increase in fruit prices and a 7.8% rise in vegetable prices. At the same time, prices of all other food items as well as of non-alcoholic beverages declined in April.

Prices of alcoholic beverages and tobacco increased by 7.2% y/y in April, faster than March’s rise of 6.8% y/y. Regulated prices registered a 2% y/y increase in the month.

Transport charges picked up by 0.5% y/y, driven by a 1.7% y/y growth in equipment operations of personal transportation.

By contrast, lower prices of clothing and footwear (down 2.8% y/y), communications (down 1.4% y/y) and medical care (down 3.9% y/y) continued to exert a downward pressure on the reading. Among others, costs of furniture household declined by 0.8% y/y.

In our estimates, the average inflation rate was equal to 1.9% in January to April 2014, down from 2.5% in the same period a year earlier.

Consumer prices, % y/y              
  Apr-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 Jan-Apr 2014
TOTAL  2.3 1.9 1.7 1.9 2.2 1.7 1.9
Food and Drink  5.7 3.5 2.7 2.9 2.8 1.8 2.5
Alcohol and Tobacco  3.5 4.2 7.3 6.3 6.8 7.2 6.9
Clothing and Footwear  -3.4 -3.4 -2.7 -3.4 -3.2 -2.8 -3.0
Rent and Utilities    -0.9 2.3 2.0 2.0 2.1 2.0 2.0
Furniture and Maintenance  1.2 -0.5 -0.7 -0.7 -1.0 -0.8 -0.8
Healthcare  0.1 -1.5 -1.3 -1.3 -1.4 -3.9 -2.0
Transportation  -0.3 -1.2 0.6 0.9 0.9 0.5 0.7
Communication  1.3 -2.9 -2.8 -2.8 -2.8 -1.4 -2.5
Recreation and Culture  0.3 -0.2 -0.2 0.1 0.3 0.3 0.1
Education  1.8 0.1 0.3 1.0 0.9 1.1 0.8
Hotels and Restaurants  1.8 1.9 1.8 1.9 2.7 2.6 2.2
Others  -3.6 3.3 1.6 5.6 11.0 10.8 7.2
Source: INSTAT              

Related Articles

DUI leader keeps options open as coalition talks begin in Macedonia

The leader of Macedonia’s ethnic Albanian Democratic Union for Integration (DUI), Ali Ahmeti, said on January 11 that his party will negotiate with the conservative VMRO-DPMNE on the formation ... more

Macedonia’s ethnic Albanian parties set conditions for joining new government

Three ethnic Albanian political parties in Macedonia adopted a joint platform on January 7 asking for more rights as a prerequisite for their participation in the new coalition government, one of the ... more

Novomatic completes acquisition of Albanian National Lottery

Europe’s leading gaming technology group Novomatic has completed the final required steps for the successful acquisition of the Albanian national lottery, the group said. The ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss