TIRANA, Aug 20 /ATA/ The harmonized consumer price index increased by 2.1% in July. This index aims to provide comparative price performance with European Union countries.
For July, the official inflation rate in Albania was 1.4%.
The food group has historically been the main contributor to the increase of the harmonized price index. According to INSTAT, in July, it contributed 4.3% to total increase. Transport contributed 3.6% this year, as well as the group of alcoholic beverages and tobacco that contributed 1.7%.
On the other hand, the prices of “clothes and footwear” reduced by 0,2%.
Based on the methodology used by INSTAT, the harmonized consumer price index includes expenditures made within the country by Albanian households, as well as visitor expenditures, while the consumer price index covers only private expenditures of Albanian households made inside and outside the country.
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