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Albania’s EU-harmonised inflation rises to 3.3% in May

TIRANA, June 17 /ATA/ – Albania’s annual inflation rate, measured using the European Union’s Harmonised Index of Consumer Prices (HICP), rose to 3.3% in May, the National Institute of Statistics INSTAT said on Wednesday.

According to data published by INSTAT, the largest year-on-year increase was recorded in the “Recreation, sport and culture” category, where prices rose 7.3%. The increase was followed by “Alcoholic beverages and tobacco” at 4.8%, “Transport” at 4.2%, “Insurance and financial services” at 4.0%, and “Personal care, social protection and miscellaneous goods and services” at 3.9%.Inflacioni

Prices also increased above the headline inflation rate in the “Restaurants and accommodation services” category, up 3.4%, and in “Food and non-alcoholic beverages”, which rose 3.3%.

Meanwhile, prices for “Education services” increased by 2.6% compared with a year earlier, while “Furniture, household equipment and routine household maintenance” rose 1.9%, “Health” increased 1.5%, and the “Housing, water, electricity, gas and other fuels” category advanced 1.3%.

On a monthly basis, consumer prices rose 0.2% in May from April.

The main contributors to the monthly increase were “Recreation, sport and culture”, up 1.8%, “Insurance and financial services”, up 1.0%, “Health”, up 0.9%, and “Alcoholic beverages and tobacco”, which increased 0.7%.

By contrast, prices fell on a monthly basis in the “Clothing and footwear” category, down 0.4%, “Food and non-alcoholic beverages”, down 0.3%, and “Housing, water, electricity, gas and other fuels”, which declined 0.1%.

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