Albania does not "separate" from the EU! Even for the month of October, inflation is recorded at the same level
The Harmonized Index of Consumer Prices, which measures price growth according to the methodology of the 'European Statistics Agency', in October 2024 is recorded at 2.3%. From the data, we recall that the inflation for the same month of this year according to the methodology of 'INSTAT' is 1.9%. Based on the figures, we see that inflation according to the European method is unquestionable from the month of September of the same year. We recall that in both cases inflation is calculated by the same institution, but there are small differences due to the weight given to each group in the inflation rate.
Compared to other European countries, Albania is equal to the average border of the European Union. This is confirmed by the figures of this indicator for the month of October, where it results that the average price increase in Europe for the same month is recorded at 2.3%. We remind you that even in August of the same year, inflation was at the same levels as in the EU.
Meanwhile, on the other hand, the countries with the highest price rate in Europe are Romania with 5%, Serbia with 4.6% and North Macedonia with 4.6%. At the regional level, Montenegro performs better than Albania with a price increase rate of up to 1.8%. On the other hand, inflation in Kosovo is estimated at 0.4%.
The largest price increase of 4.1% is observed in the group "Alcoholic beverages and tobacco", followed by the groups "Entertainment and culture" with 3.7%, "Food and non-alcoholic beverages" with 3.6%, "Clothing and shoes" with 3.3%, "Furniture, home appliances and maintenance" with 3.0%, "Hotels, cafes and restaurants" with 2.1%, "Miscellaneous goods and services" with 2.0%, "Health" with 1.7%, "Educational service" with 1.1%, " Rent, water, fuel and energy" with 0.9%, "Communication" with 0.7%. On the other hand, the prices of the "Transporti" group decreased by 3.1%.
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