TIRANA, February 10/ATA/- According to the Bank of Albania (BoA), in January 2021 Consumer Price Index (CPI) is estimated at 0.4% while the bank’s target is 3%.
The indicator of inflation is the Consumer Price Index (CPI), which measures the percentage change in the price of a basket of goods and services consumed by households.
INSTAT data show that the average annual inflation rate in January 2021 was 0.4% compared to 1.5% in January 2020.
The annual increase in prices in January 2021 was mainly influenced by the group “food and non-alcoholic beverages” by 0.36%, followed by the group “furniture, home appliances and home maintenance” by +0.13%.
The increase in prices were mainly a result of the impact of the group “entertainment and culture” by +0.05%, the “alcoholic beverages and tobacco” and “hotels, cafes and restaurants” by +0.04%. Followed by the groups “health” by +0.03%, the “communication” by +0.02.
The “transport” group had a negative impact with 0.29%, the “rent, water, fuel and energy” group with -0.02% and the “clothing and footwear” group with -0.01%.
The low inflation in January was influenced by the group “transport” by 0.29%, the “rent, water, fuel and energy” by -0.02% and the “clothing and footwear” by -0.01%. //a.i/
