Consumer prices in Albania rose 2.2 percent year-on-year in February of 2017, following a 2.8 percent increase in January. Prices rose at a slower pace for food and non-alcoholic beverages (3.9 percent from 5.8 percent in January); recreation and culture (2.8 percent from 3.1 percent) and fell for clothing and footwear (-0.4 percent from 0.6 percent) and furniture household goods and maintenance (-0.2 percent from -0.1 percent). On a monthly basis, consumer prices went up 0.5 percent. Inflation Rate in Albania averaged 3.08 percent from 1995 until 2016, reaching an all time high of 42.08 percent in December of 1997 and a record low of -2.11 percent in March of 2000.
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In Albania, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (36.1 percent of total weight). Housing and Utilities account for 20.3 percent; Furniture, Household Goods and Maintenance for 7.4 percent; Transport for 6.3 percent; Alcoholic beverages and Tobacco for 5 percent and Miscellaneous Goods and Services for 4.9 percent. Clothing and Footwear; Health; Education; Recreation and Culture; Communication and Restaurants and Hotels account for the remaining 20 percent of total weight. This page provides – Albania Inflation Rate – actual values, historical data, forecast, chart, statistics, economic calendar and news. Albania Inflation Rate – actual data, historical chart and calendar of releases – was last updated on March of 2017.