Inflation in Albania
Albania - InflationNational 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
|Inflation Rate (CPI, annual variation in %)||1.9||1.3||2.0||2.0||1.4|
5 years of economic forecasts for more than 30 economic indicators.
Albania Inflation Chart
Source: Institute of Statistics
|Exchange Rate||108.6||-0.56 %||Jan 01|
|Stock Market||0.1||0.0 %||Jan 07|
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