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INSTAT data: Inflation drops to 3.8 percent in October

2023-11-08 13:01:36Biznes SHKRUAR NGA REDAKSIA VOX

INSTAT data: Inflation drops to 3.8 percent in October

INSTAT, apologizing for the delays caused in the publication of the data due to the Census, forwarded the consumer price data for the month of October a little while ago.

According to this publication, inflation, which measures the annual change in the price of goods, continues to decline.

In the Consumer Price Index, the annual change in the consumer price index in October 2023 is 3.8%, while a year ago this change was 8.3%.

But....food prices remain high

According to INSTAT, compared to October 2022, the biggest increase in prices is observed in the group "entertainment and culture" with 7.6%, followed by the groups "food and non-alcoholic beverages" with 7.4%, "furniture, home appliances and maintenance of home" with 5.2%, "hotels, cafes and restaurants" with 4.8%, "alcoholic beverages and tobacco" with 3.6%, "clothing and shoes" with 3.2%, "educational service" and "various goods and services" with 2.9 % each

On the other hand, the prices of the "transport" group decreased by 8.3%.

Within the food group, the prices of the subgroup "vegetables including potatoes" increased by 23.4%, followed by the subgroups "milk, cheese and eggs" by 8.4%, "meat" by 7.9%, "fruit" by 6.1%, "fish" by 4.5%, "sugar, jam, honey, chocolate and sweets" with 4%, "bread and cereals" with 1.2%, etc.

 


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