HICP rose to 2.7% in September from 2.5 in August: INSTAT

The harmonized consumer price index rose slightly during September. According to the Institute of Statistics, this indicator increased to 2.7%, from 2.5% that it was in August.

The harmonized inflation continues to be higher in relation to the domestic inflation rate, which also stood at 1.6% in September, the lowest level this year.

In the overwhelming part, the harmonized index growth remains highly concentrated in the food group. The index of this group increased by 6.7% on an annual basis compared to September.

Other groups that provided an increasing contribute in the growth, however modest, were rent, services and education.

The harmonized inflation in Albania remains higher compared to the European Union average, which stood at 1.8% for September. The only countries of the Union that have higher prices than Albania are the three Baltic states. Lithuania, Latvia and Estonia.

The harmonized index of consumer prices includes expenditures made within the territory of the country by Albanian households, as well as visitor spending, unlike the consumer price index, which covers only Albanian private expenditures carried out internally and internationally.

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