Prices "cross" the European border in April/ Inflation reaches 2.6%, with the greatest impact from the entertainment sector
The Harmonized Index of Consumer Prices, which measures price increases according to the methodology of the 'European Statistical Agency', in April 2025 was recorded at 2.6%, thus establishing a higher rate, compared to March of the same year. On the other hand, inflation according to 'INSTAT' for the same period was 2.3%. We emphasize that the measurement methodology is the same with both methods, but the differences between these two measurements come as a result of the weight given to each group of products in the calculation of inflation.
Official data shows that the average inflation in Europe is estimated at 2.4% and Albania is seen positioned above this limit for the month of April, which means that currently prices in our country are higher than the European average. Meanwhile, on the other hand, the countries with the highest price rate in Europe during April of this year are Romania with 4.9%, Estonia with 4.4% as well as Hungary and Serbia with 4.2% and 4.1% respectively.
If we analyze price increases by countries in the region, the figures show that Albania is positioned relatively well compared to some of its neighbors in the region, including Kosovo, where for the month of April it recorded a price increase rate of 3%.
Meanwhile, if we talk about the annual change in groups, we see that the largest price increase of 8.2% is observed in the "Entertainment and culture" group, followed by the "Alcoholic beverages and tobacco" groups with 3.8%. An increase is also noted in the "Hotels, cafes and restaurants" group with 3.1%.
On the other hand, prices in the "Transport" group decreased by 1.7%.
Live TV
Crypto giant hit by cyberattack - Digital breach expected to cost Coinbase $400 million
Cryptocurrency company Coinbase has been hit by a cyberattack that could cause up to $400 million in economic damage. The firm is offering a $20 million......
Europe prepares for an "extreme" summer - According to forecasts, frequent heat waves and lack of precipitation are expected
Long-term forecasts for summer 2025 show drier and hotter than normal conditions across much of Europe. Frequent heat waves, lack of precipitation and......
IMF predicts 4% growth for Kosovo - Inflation expected to be 2.25% in 2025
The Executive Board of the International Monetary Fund (IMF) completed the fourth and final review of the Stand-By Arrangements and the Sustainability Award......
“EU budget needs fundamental overhaul” - According to the IMF, a unified market is needed to cope with shocks
The European Union needs to spend more on public goods to boost productivity and growth, according to the International Monetary Fund. The IMF noted that......
