Euro cheaper, but prices have not decreased - Imports, local markets do not reflect the change
Despite the fact that the depreciation of the euro has reduced the cost of imported products, prices for Albanian consumers continue to rise. This trend is also confirmed by data from the Institute of Statistics, which highlight a strong contrast between the purchase price from abroad and the final price on the domestic market.
During the first four months of 2024, the average price of a kilogram of imported grain fell from 46.4 lek to 37.6 lek – a decrease of about 19%. However, this decline has not been proportionally reflected in the market, as the price of bread and other processed products continues to remain at high levels.
The same situation is observed in the fruit and vegetable trade. While in the same period a year ago, the average import price for a kilogram of vegetables was 72.5 lek, it has currently decreased to 64 lek, marking a decrease of approximately 12%. However, instead of this leading to lower prices for the consumer, fruits and vegetables have become more expensive in the country's markets.
The situation does not change in the category of meat and its products, including dairy and eggs. Even though import prices for these products are decreasing, consumers continue to buy them at high prices in supermarkets, neighborhood stores or open markets.
How much do Albanians pay with cards? - BoA: In 3 months, 5.8 million transactions were carried out through POS terminals
Albanians are increasingly making card payments in stores. The latest data from the Bank of Albania shows that card payments at POS terminals have increased......
Center of Excellence for Cybersecurity - Countermeasures against attacks/ How will it work?
The government will have a National Center of Excellence for Cybersecurity. In the "National Strategy for Cybersecurity 2025-2030", submitted for public......
King Charles' wealth equals Sunak's - Increases by £30m, to a total of £640m
Prince Charles' personal wealth has seen a significant increase, rising by £30 million to £640 million over the past year. His fortune now matches the......
"Economic integration has begun through payment systems" - Governor Sejko, at the conference organized by the National Bank of Croatia and the IMF
The Governor of the Bank of Albania, Mr. Gent Sejko, participated in the high-level conference organized by the National Bank of Croatia and the International......
Dollar, towards the fifth consecutive monthly decline - Court decisions on tariffs and fiscal debt, the main causes
The US dollar faltered on Friday, heading for a fifth straight monthly decline, as traders braced for further uncertainty around trade policy and the US......
Together against crimes with cryptocurrencies – Italian Antimafia will train Albanian police officers
The Italian anti-mafia will train Albanian police officers to combat criminal activity in the field of cryptocurrencies. This was announced during the......
Tirana "discovers" the world of crypto - "Balkans Crypto 2025", organizer: Fear of innovations, but use is growing
"It's time for money to start circulating. Once money starts moving, everything changes - people get richer." This is what the CEO of the Bitget platform said......
Tariffs "burden" global companies - Corporations have lost over 34 billion USD due to high costs
President Donald Trump's trade war has cost companies more than $34 billion in lost sales and higher costs, according to a Reuters analysis of corporate......
