Albania’s CPI inflation speeds up to 2.2% y/y in March 2014

By bne IntelliNews April 9, 2014

Albania’s consumer prices increased by 2.2% y/y in March 2014, speeding up from 1.9% y/y in the previous month, the statistics institute, INSTAT, informed. The annual growth, however, was below its year-ago level of 2.4%.

In monthly terms, consumer prices increased by 0.5% in March, slower than February’s rise of 1.4%.

Food prices, which traditionally determine the overall trend, grew by 2.8% y/y, easing from a 2.9% hike in February 2014. The growth was mainly supported by a 15.2% y/y increase in fruit prices and a 13.6% rise in vegetable prices. At the same time, prices of all other food items (except for fish) as well as of non-alcoholic beverages declined in March.

Prices of alcoholic beverages and tobacco increased by 6.8% y/y in March, faster than February’s rise of 6.3% y/y. Regulated prices registered a 2.1% y/y increase in the month.

Transport charges picked up by 0.9% y/y, driven by a 2.5% y/y growth in equipment operations of personal transportation.

By contrast, lower prices of clothing and footwear (down 3.2% y/y) and communications (down 2.8% y/y) continued to exert a downward pressure on the reading. Among others, costs of furniture household declined by 1% y/y.

In our estimates, the average inflation rate was equal to 1.9% in Q1 2014, down from 2.5% in the same period a year earlier.

Consumer prices, % y/y            
  Mar-13 Dec-13 Jan-14 Feb-14 Mar-14 Q1 2014
TOTAL  2.4 1.9 1.7 1.9 2.2 1.9
Food and Drink  5.6 3.5 2.7 2.9 2.8 2.8
Alcohol and Tobacco  3.6 4.2 7.3 6.3 6.8 6.8
Clothing and Footwear  -3.4 -3.4 -2.7 -3.4 -3.2 -3.1
Rent and Utilities    -0.5 2.3 2.0 2.0 2.1 2.0
Furniture and Maintenance  1.3 -0.5 -0.7 -0.7 -1.0 -0.8
Healthcare  1.1 -1.5 -1.3 -1.3 -1.4 -1.3
Transportation  -0.7 -1.2 0.6 0.9 0.9 0.8
Communication  1.3 -2.9 -2.8 -2.8 -2.8 -2.8
Recreation and Culture  0.8 -0.2 -0.2 0.1 0.3 0.0
Education  1.8 0.1 0.3 1.0 0.9 0.7
Hotels and Restaurants  1.7 1.9 1.8 1.9 2.7 2.1
Others  -3.5 3.3 1.6 5.6 11.0 6.1
Source: INSTAT            

Related Articles

Kosovan PM sceptical about Western Balkans common market

There would be little advantage for Kosovo to join a common market with fellow Western Balkan countries, Prime Minister Isa Mustafa wrote on his Facebook page after EU Commissioner ... more

Effigy of Albanian PM burned at protest

Supporters of Albania’s main opposition Democratic Party (DP) set fire to an effigy of Prime Minister Edi Rama at a protest on March 18, a video of the protest posted on YouTube ... more

US puts Albania, Bosnia and Serbia on blacklist of major money laundering countries

The US department of state has included Albania, Bosnia & Herzegovina and Serbia in its latest list of major ... 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