TIRANA, Sept 8 /ATA/ – Albania’s inflation slowed down to its lowest rate since the start of the war in Ukraine, falling to 4% year-on-year in August, the National Institute of Statistics, INSTAT, said on Friday.
Albania’s inflation in August last year stood at a rate of 8 %.
However, INSTAT noted that food prices remain high, whereas transport prices fell by 10%.
The food and non-alcoholic beverages group recorded highest increase by 7.8 % compared to the same period of the previous year, followed by the furniture, home appliances and maintenance group with an increase of 5.9 %, hotels, café and restaurants prices edging up by 5 %, clothing and footwear 4.4 %, entertainment and culture 3.9 %, alcoholic beverages and tobacco 3.2 %, rent, water, fuel and energy 2.3%, education and health services up by 2.2 % and 1.3 % respectively and communication 1.1 %.
Transport prices decreased by 10%.
