TIRANA, Aug 21 /ATA/ – Albania’s annual harmonised index of consumer prices (HICP) rose by 5% in July, after advancing by 5.8% in June, the National Institute of Statistics (INSTAT) said.
According to INSTAT, the strongest upward push on annual inflation came from a 10.8% rise in prices in the culture and entertainment group, followed by food and non-alcoholic beverages with a 9.2% increase, and household goods and maintenance, with 6.2%, hotels, bars and restaurants with a 4.5 % growth and cloths and footwear with 4.3 %.
INSTAT said that the transport prices decreased by 7.1 % in July.
According to the INSTAT report, on the monthly basis, Albania’s harmonised index of consumer prices slightly decreased by 0.2% in July, mainly driven by the1.3% fall in the culture and entertainment group prices.
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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