TIRANA, Oct 8 /ATA/ – Albania’s consumer price index (CPI), a main gauge of inflation, grew 1.3 percent year on year in September, reflecting the consumption growth in the domestic market, whereas the upward trend in the price level seeks to hit the Bank of Albania’s annual inflation target of 3 percent, the National Institute of Statistics, INSTAT, said on Tuesday.
The annual price increase in September has been mainly driven by the food, beverages and non-alcoholic drinks group with its CPI rising 0.93%, followed by the rent, fuel and energy group increasing by 0.15%.
The group “Furniture, household goods, and maintenance” increased by 0.09 percentage points, whereas the prices of other consumer goods and services groups, such as “Alcoholic beverages and tobacco” and “Hotel, coffee-houses, and restaurants” increased by 0.05 percentage points.
According to INSTAT, prices of ‘education service” group rose 0.03percentage points, “Recreation and culture” increased 0.02 percentage points.
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