Career Contact
Shqip
Live TV

Markets

S&P 500
5700.77
1.22%
Nasdaq
18049.72
1.73%
10-Yr Bond
4.37
2.2%
FTSE 100
8531.61
0.32%
Crude Oil
59.98
3.18%
Gold
3312.3
2.4%
EUR/USD
1.12
0.63%
Shqipëria Posted on 2024-11-08 13:35:00

Inflation "freezes" in Albania/ But greens continue to be "salty"

From Armela Duka

Inflation "freezes" in Albania/ But greens continue to be

In October of this year, inflation in our country was recorded at 1.9%, this level unchanged from the rate of a month ago. Meanwhile, a year ago this change was 3.8%, while the monthly change of the consumer price index in October 2024, compared to September of the same year, is 0.1%.

But which groups contributed to the rise in prices? The data show that the annual price increase in October was mainly influenced by the "Food and non-alcoholic beverages" group with 1.07 percentage points. Likewise, the "Rent, water, fuel and energy" group contributed to the annual increase with 0.23 percentage points and the "Furniture, home appliances and home maintenance" group with 0.22 percentage points. On the other hand, the group "Alcoholic drinks and tobacco" influenced with 0.18 percentage points, the group "Clothing and shoes" with 0.13 percentage points, the group "Entertainment and culture" with 0.11 percentage points, the group "Hotels, cafes and restaurants" and "Goods" and various services" with 0.10 percentage points each. Likewise, the group "Health" affected by 0.4 percentage points, the prices of the groups "Communication" and "Educational service" by 0.02 percentage points each and the group "Transport" by -0.33 percentage points.

In a broader analysis, we notice that compared to the month of October 2023, the biggest increase in prices is observed in the group "Entertainment and culture" with 5%, followed by the groups "Alcoholic beverages and tobacco" with 3.6%, " Clothing and shoes" with 3.5% and "Food and non-alcoholic beverages" with 3.1%. While the growth for other categories varies from 0.7% to 2.9%. On the other hand, the prices of the "Transporti" group decreased by 5.3%.

Within the food group, the prices of the subgroup "vegetables including potatoes" increased by 8.3%, followed by the subgroups "fish" by 4%, "meat" by 3.9%, "milk, cheese and eggs" by 3.2% and "sugar". , jam, honey, chocolate and pastries" with 1.8%. In the group of foods, only fruits are presented with a decrease in prices.