Albania’s producer price inflation speeds up to 0.2% y/y in Q1 2013.

By bne IntelliNews June 10, 2013

Albania’s producer prices picked up by 0.2% y/y in the first quarter of 2013, slightly faster than the 0.1% y/y rise in the previous quarter, the state statistics institute, INSTAT, informed.

Producer prices in the mining sector increased by 1.5% y/y, which was due to a 4.6% y/y rise in the mining of metal ores. Electricity prices picked up 0.1% y/y. Prices in the manufacturing sector, which has the greatest weight of 68.2% in the overall index (PPI), witnessed a 0.1% y/y growth. Within the category, prices of food products, beverages and tobacco advanced by 1.2% y/y.

PPI in the coke, refined petroleum products and nuclear fuel manufacturing registered a marginal 0.1% y/y rise in the period.

On the other hand, prices in other non - metallic mineral products as well as basic metals and fabricated metal products, which also has a relatively large weight in the index, witnessed declines of 1.4% and 1.3%, respectively in Q1 2013.

Producer Price Index, % change           
   Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Q1/13
   y/y y/y y/y y/y y/y q/q
Total  2.5 1.5 0.5 0.1 0.2 -1.2
Mining and quarrying  0.7 0.8 -1.1 0.6 1.5 0.4
Manufacturing  3.8 2.0 0.9 -0.1 0.1 -1.7
Electricity, gas and water supply  0.2 0.1 0.4 0.4 0.1 0.4
Source: INSTAT             

Related Articles

Albania wants to attract more US defence sector investments

Albanian Defense Minister Olta Xhacka said that Tirana wants more investments by the US military industry in Albania, after a US company launched work on the installation of the Integrated ... more

Bulgaria’s Borissov appeals to Western Balkan leaders to preserve peace

Boyko Borissov, prime minister of the current EU Council chair Bulgaria, called on April 10 on the leaders of the Western Balkan countries to preserve peace and ... more

Albania's second airport to open in autumn 2018

The idled airport in the northern Albanian city of Kukes is expected to start operations by this autumn, Prime Minister Edi Rama said on April 6.  Albania’s air transport sector is on the ... more

Dismiss