TIRANA, Aug 20 /ATA/ – Albania’s annual harmonised index of consumer prices (HICP), the Eurostat methodology, rose 7.2% in July, around 0.3% lower than the inflation measurement through the national methodologies, the National Institute of Statistics, INSTAT, said on Friday.
INSTAT data show that Albania ranks among the five countries with lowest prices increase rate. Average inflation rate in Europe stood at 9.8% in June.
According to INSTAT, the transport group gave the strongest upward push on annual inflation in July by a 14.5% rise in the harmonised index, followed by food and non-alcoholic beverages with a 12.4% rise and housing, water, electricity, gas and other fuels with a 4.4% rise, clothing and footwear 3 %, hotels, bars and restaurants up by 2.8 %, education service by 1.2 %, and health care services by 1.1 %.
Eurozone inflation is measured on the basis of the HICP indicator. The term “harmonized” underlines the fact that all EU countries apply the same methodology in measuring the relevant indicator.
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