Albania above Europe, but below the region/ Inflation reaches 2.3% in May, with greater 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 May 2025 was recorded at 2.3%, thus establishing a lower rate, compared to April of the same year. On the other hand, inflation according to 'INSTAT' for the same period was 2.2%. 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 2.2% and Albania is seen positioned above this limit for the month of May, 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 May this year are Romania with 5.4%, Estonia with 4.6% and Montenegro with 4.5%. Switzerland meanwhile registers a decrease in prices for May.
If we analyze price increases by country 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 May it recorded a price increase rate of 3.6%.
Inflation in North Macedonia is estimated at 4.1% in the fifth month of the current year, followed by Serbia with a rate of 3.9%.
If we analyze the change by groups, the data shows that the largest price increase of 8.4% is observed in the “Entertainment and culture” group, followed by the “Alcoholic beverages and tobacco” groups with 3.6%, “Furniture, household equipment and maintenance” with 3.4%. On the other hand, the “Hotels, cafes and restaurants” groups increased by 3.1%, “Food and non-alcoholic beverages” and “Educational services” by 1.8% each, “Clothing and footwear” by 1.7%, “Communication” by 1.5%, “Miscellaneous goods and services” by 1.3%, “Health” by 1.1%, “Rent, water, fuel and energy” by 0.8%. On the other hand, the prices of the “Transport” group decreased by 0.9%.
Less bureaucracy for defense! - EU plans measures to speed up projects and boost production
The European Commission unveiled a series of measures it hopes will cut red tape for the defense sector and boost production. The so-called Simplification......
"Dream" vacations for Albanians - From Mauritius to Sri Lanka. Japan leads with the most expensive prices
Despite the costs, Albanians are traveling more than ever. From the most visited metropolises of Europe, Turkey and Greece as the two most preferred vacation......
Night train brings Europe closer - Aims to connect 100 cities by 2035
Sleeper trains are experiencing a renaissance in Europe, although some travelers are still put off by the idea of sharing a room with strangers. While......
Energy purchase and sale contract - Business organizations, letter to ERE: Proposals for production forecasting and imbalances
Four of the most important business organizations in the country have officially addressed the Energy Regulatory Authority with a letter, presenting concrete......
Tourism significantly increases domestic consumption - Budget collects 73 million euros more from VAT
Tourism has started well this year, even though we are at the beginning of the season, giving clear signals of increased consumption in the......
The best city to live in the world is revealed - Which country has "knocked" Vienna off the top of the ranking?
After a three-year run at the top of the annual global list by the Economist Intelligence Unit (EIU), the Austrian capital of Vienna has been overtaken by......
41 million euros for innovation and environment - “Interreg IPA South Adriatic” finances 43 new projects. Albania, 54 beneficiaries
43 new projects for innovation, environment and social inclusion will be supported with a funding of 41 million euros from the Interreg IPA South Adriatic......
US approves stablecoin bill - Senate "pave the way" for industry expansion
The US Senate has approved a bill that will create a regulatory framework for cryptocurrencies pegged to the US dollar, known as "stablecoins". The bill,......
