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Inflation rate drops to 4% during August

TIRANA, Aug 8 /ATA/ Inflation rate, which measures the annual change in the price of goods, continues to drop, reaching the lowest level since the onset of Russia’s war in Ukraine.

The Institute of Statistics published on Saturday the Consumer Price Index, according to which the annual change in the consumer price index in August 2023 is 4%, a year ago this change was 8%.

Yet again the prices of the food group remain high, while those of transport decreased by 10%.
Compared to the month of August 2022, the biggest increase in prices is observed in the group “food and non-alcoholic beverages” with 7.8%, followed by the groups “furniture, home appliances and home maintenance” with 5.9%, “hotels, cafes and restaurants” with 5%, “clothing and shoes” with 4.4%, “entertainment and culture” with 3.9%, “alcoholic beverages and tobacco” with 3.2%, “rent, water, fuel and energy” with 2.3%, “educational service” with 2.2%, “healthcare” with 1.3% and “communication” with 1.1%.
On the other hand, the prices of the “transport” group decreased by 10%.

Within the food group, the prices of the subgroup “vegetables including potatoes” increased by 20.8%, followed by the subgroups “meat” by 9.6%, “milk, cheese and eggs” by 9.1%, “fruit” by 7.7%, “fish” by 5.3%, “sugar, jam, honey, chocolate and sweets” by 3.5%, “bread and cereals” by 2.3%, etc.

Compared to July 2023, the prices of the group “transport” increased by 2.8%, followed by the prices of the group “rent, water, fuel and energy” by 1.1%, “food and non-alcoholic beverages” and “hotels, cafes and restaurants” ” by 0.4 % each.
/r.e/sm/

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