TIRANA, Nov 7 /ATA/ In the third quarter, inflation averaged 1.4%, similar to that recorded in the previous quarter. The downward contribution of inflation of both non-food consumer goods and housing services was offset by the higher inflation of items in the category of services and durable consumer goods, according to Bank of Albania.
From the macroeconomic perspective, inflation has reflected the build-up of domestic inflationary pressures, and the fall of inflation rates in trading partner countries. Looking ahead, the Bank of Albania deems that the increase in both wages and production costs, coupled with the stabilisation of the exchange rate, will create premises for inflation to gradually converge to target.
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