TIRANA, June 16 /ATA/ – Albania’s annual harmonised index of consumer prices (HICP), the Eurostat methodology, rose 5.6% in May, the National Institute of Statistics, INSTAT, said on Friday.
According to INSTAT, the food and non-alcoholic beverages group gave the strongest upward push on annual inflation by a 10.6 % rise in the harmonised index, followed by entertainment and culture increasing by 8 %, furniture, home appliances and maintenance group with a 6.2% growth, goods and various services up by 4.4 %, hotels, cafes and restaurants by 4.2 %, clothing and footwear by 4.1 %, alcohol beverages and tobacco group by 3.9 %, health by 2.6 %, education service by 2.5 %, rent, fuel and energy and education service by 1.4 %, communication by 1.1 %.
Meanwhile, the transport group prices fell by 4.7 %.
The monthly change of harmonised index of the consumer prices stood at-0.2% in May. The change was mainly driven by fall in prices of food and non-alcoholic beverages group by 1.4%.
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.
/r.e/u.sh/
