TIRANA, May 31 /ATA/ The price hike in the country is driven by soaring prices of products that Albania imports.
The Bank of Albania announced that for the period January-February of this year, the foreign commodity price index increased by 25.2%, compared to the 15.8% expansion recorded in the last quarter of last year.
According to BoA data, the Index of Foreign Inflationary Pressures expanded by 16.8% in annual terms, in the period January-February 2022, a higher percentage point compared to the last quarter of last year.
In April, inflation rose to 6.2%, the highest level in 20 years.
Meanwhile, for the first quarter of this year, 53% of total imports came from European Union countries, where inflation reached 7.4%.
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