Albania vs Europe, where did prices increase the most? From 0.3% in Sweden to 8.2% in Romania, Albania stops at 3.4%
Price increases in Albania accelerated in July, pushing inflation above the European Union average. According to the Harmonized Index of Consumer Prices, annual inflation reached 3.4%, up from 3.2% in June, while the EU average was recorded at 3%.
With this level, Albania is 0.4 percentage points above the European average and ranks above some of the continent's largest economies. Germany recorded inflation of 2.8%, Italy 2.9% and France 2.4%. Spain, on the other hand, had a higher rate than Albania, at 3.9%.
The strongest price increase was recorded in Romania, at 8.2%, followed by Kosovo at 6.5%, Iceland at 5.6%, Lithuania at 5.4% and Georgia at 5.2%. Relatively high levels were also recorded in Bulgaria and Cyprus, where inflation was 4.4%.
At the other end of the scale, price pressures remain much lower. Sweden recorded inflation of just 0.3%, Switzerland 0.7% and the Czech Republic 1.3%, while in Denmark and Hungary the rate was 1.6%.
Compared to countries in the region, Albania had lower inflation than Kosovo, Montenegro with 3.9% and Croatia with 3.6%, but higher than North Macedonia with 2.4% and Serbia with 2.2%. Greece, with a rate of 2.7%, also performed below Albania's level.
July data show that price growth in Albania continues to be stronger than the European Union average, although the difference is limited. At the same time, the gap between European countries remains large, with rates ranging from 0.3% in Sweden to 8.2% in Romania.
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