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Prices "decrease" in April, inflation reaches 2.1 percent. Transport returns to growth after 13 months

2024-05-09 11:38:07Biznes SHKRUAR NGA REDAKSIA VOX

Prices "decrease" in April, inflation reaches 2.1 percent. Transport

Prices in April of this year increased by 2.1%, according to the latest data from the "Statistics Institute". Compared to a year ago when the annual change of the consumer price index was 4.6%, we see that this year the prices have become more expensive about 2 times less. Meanwhile, we recall that in March the annual change in the consumer price index was 2.3%. So, inflation in these last three months has moderated faster than expected and is staying below the level of the objective of the "Bank of Albania", which is 3%.

All groups contributed positively to the annual growth of this index. The highest contribution was made by groups such as "Food and non-alcoholic beverages" with 0.52 pp, "Rent, water, fuel and energy" with 0.44 pp and "Furniture, household appliances and home maintenance" with 0.26 pp. Meanwhile, other groups have contributed less to the growth of this index, in the case of the "Communication" and "Educational service" groups. What can be seen from the influence graph of the groups is the positive contribution of the "Transport" group with 0.06 points, where it was negative for many months.

Compared to the month of April a year ago, the biggest increase in prices is observed in the group "Entertainment and culture" with 4.4%, followed by the groups "Furniture, household appliances and home maintenance" with 3.5%, "Clothing and shoes" with 3.4%, "Alcoholic beverages and tobacco" with 3.3%, "Hotels, cafes and restaurants" with 3.2% and "Miscellaneous goods and services" with 2.7%. On the other hand, the group "Rent, water, fuel and energy" increased by 2.3%, "Educational service" by 2.2%, "Health" by 1.7%, "Food and non-alcoholic beverages" by 1.5% and "Transportation" by 1.0%. Within the food group, the prices of the subgroup "vegetables including potatoes" continue to lead the increase with 5.4%, followed by the subgroups "fish" with 5.2%, "sugar, jam, honey, chocolate and sweets" with 4.1%, "milk, cheese and "eggs" increased by 3.6% and "meat" by 2.4%.

Regarding the monthly change, the prices of the "Food and non-alcoholic beverages" group decreased by 0.7%. On the other hand, the prices of the group "Entertainment and culture" increased by 1.1%, followed by the groups "Alcoholic beverages and tobacco" by 0.5%, "Furniture, home appliances and home maintenance", "Transport" and "Hotels, cafes and restaurants" with 0.2% each, "Clothing and shoes", "Health" and "Miscellaneous goods and services" with 0.1% each.


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