The production costs in Albania rose by almost 16.5% year-on-year in the second quarter of 2022, according to data from the National Institute of Statistics (INSTAT).

According to the latest INSTAT report, the extracting industry was hit hard by the rising energy prices that have increased the sector’s production costs by 26.7 %, followed by the processing industry products registering a growth 21.5 % in its production costs.

In the meantime, the production costs of electricity, gas, steam and air condition rose 13.9 %.

The production costs of the water supply, waste and waste treatment sector and management activities slightly decreased by 0.1%, compared to the second quarter of 2021.

INSTAT data show that the production prices for the domestic market in the second quarter of the year increased by 2.2% compared to the previous quarter of this year. The extractive industry registered the highest cost increase by 4.3%.

/u.sh/