TIRANA, Oct 8 /ATA/ – Albania’s annual inflation rate ticked down to 1.9% in September, hitting the lowest rate since June 2021, according to the data from the National Institute of Statistics (INSTAT).
INSTAT’s latest Consumer Price Index showed on Tuesday that the price surge has slowed down since the COVID-19 pandemic and the military aggression on Ukraine.
“The annual consumer price index change is 1.9% in September, significantly down from 4.1% during the same period of the previous year. On the monthly basis, the price index fell 0.6% from the previous month of August,” INSTAT said.
According to INSTAT, the annual increase in prices was mainly driven by the food and non-beverage group by 0.94 percentage points, followed by the rent, water, fuel and energy group with 0.30 percentage points.
On annual basis, the price increase for the food and non-beverage group was 2.7% compared with the same period of the previous year.
Meanwhile, prices of the vegetables subgroup, including potatoes, rose 6.5%, followed by fish and seafood prices with an increase of 4.6%, milk, cheese and eggs group prices increased 3.9% in September 2024.
/u.sh/
