Inflation in Albania

Albania Inflation | Economic News & Forecasts

Albania - Inflation

National accounts data for the second quarter revealed that GDP expanded at the fastest pace on record (Q2: +17.9% yoy; Q1: +5.5% yoy), albeit largely due to a low base effect. The improvement was broad-based, with all components registering quicker growth rates. Most notably, exports skyrocketed amid easing restrictions across key trading partners. Turning to Q3, momentum seemingly carried over—despite the fading base effect—with both merchandise imports and exports expanding at robust rates in July and August, while tourist arrivals approached pre-pandemic levels in the same months. Lastly, on 17 September, parliament approved Prime Minister Edi Rama’s cabinet picks, boding well for the implementation of the PM’s agenda, which centers on the economic recovery and reducing public debt.

Albania - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)1.9  1.3  2.0  2.0  1.4  

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Albania Inflation Chart

Albania Inflation
Note: Inflation, annual variation of consumer price index (CPI) in % (aop).
Source: Institute of Statistics

Albania Facts

Value Change Date
Exchange Rate108.6-0.56 %Jan 01
Stock Market0.10.0 %Jan 07

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