12.1 C
Tirana
18-10-26
Home Economy

Central Bank estimates international prices hike has 54% impact into local prices

TIRANA, November 16/ATA/ The price hike of raw materials and food articles in the world markets has begun to be reflected even in Albania with an increase in the price of articles of consumption.

The Bank of Albania estimated that the influence of imported inflation into the total inflation is 54% versus an average of 40% in the first two quarters of the year.

The Bank also appreciated that imported inflation pressures will have an impact into the average inflation in Albania even during the coming 2-3 quarters to be eased gradually during the next year.

“The indicators of the foreign inflation pressures was enhanced by 9.3% in annual terms during the third quarter 2021”, said the Bank while making evident that this phenomenon dominated mainly during August and September.

According to the Institute of Statistics, during the third quarter of the current year the average inflation was increased into almost 2.4% from 1.8% it was in the second quarter and 0.9% in the first quarter. The overwhelming impact to inflation increase during the last quarter has been provided by the groups of food articles, transport and energy./j.p/p.s./

Previous articleVetting, Independent Qualification Commission dismisses from office Durrës judge
Next articleTransformation of community centre in Shkoza, support for 500 families in need