TIRANA, Sept 18 /ATA/ – The Ministry of Finance and Economy has published the latest data on the Harmonized Index of Consumer Prices (HICP) in our country, according to INSTAT.
This indicator stands at 1.4% and according to the Ministry of Finance shows price stability at the same level relative to the official European Central Bank inflation.
“This index, – according to Ministry of Finance and Economy, – measures the change in the level of retail prices of goods and services in terms of the spending structure that consumers (domestic and foreign) consume in the territory of Albania.
The harmonization methodology ensures that the data are comparable to those of EU countries. The index is also used to monitor the oscillation of retail prices in European countries, comparing the percentage of inflation between European countries and the official European Central Bank inflation, ensuring price stability in the Economic and Monetary Union
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