Harmonized inflation rose by 3.2% in 2017
The harmonized index of consumer prices increased by 3.2% for 2017, thus recording a significantly higher growth than the official inflation rate.
According to data from Instat, for December the annual change of this index was 2.4%, at the same level as November.
At the end of last year, growth slowed sharply even for this indicator.
In the last two months, growth hit the lowest value since January 2017, when INSTAT started counting for the first time.
However, the rise in prices in Albania remains higher compared to the average level of 1.7% of European Union countries.
Harmonized inflation also continues to be higher in relation to the domestic consumer price index, which also represents the official inflation rate.
For 2017 inflation in Albania was 2%, up from 2016, but less than the initial expectations for the year that just ended.
The highest contribution to the Harmonized Index of Consumer Prices in Albania was from food and non- alcoholic beverages group, up by 2.1 percentage points from 2.4% in December.
The Harmonized Index of Consumer Prices includes expenditures made inside the territory of the country by Albanian households as well as visitor costs, differently from the Consumer Price Index, which only covers the private expenditures of Albanian households carried out internally and internationally.