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Inflation decreased slightly in June, after the increase it recorded in May. INSTAT announced that the change in Consumer Prices in June was 4.5% in June, from 4.7% in May and 4.6% in April.
Despite the slight drop in June, the downward trend in prices is much slower than in the eurozone. Earlier, Eurostat announced that inflation in the 20 countries of the Eurozone fell to 5.5% this month, from 6.1% in May. https://www.monitor.al/ne-europe-cmimet-po-bien-ne-shqiperi-vijojne-te-rriten-nghushtohet-diferencena-e-inflacioni/
The decrease in energy has "calmed" inflation in the Eurozone, while in Albania it is being reduced more slowly due to the effect of food products, which, in addition to being expensive, occupy a much higher weight in the food budget, at 42%, from 13% which is the European average.
According to INSTAT, the annual increase in prices in the month of June was mainly influenced by the group "Food and non-alcoholic beverages" with +3.63 percentage points.
At the last meeting, the Bank of Albania decided to keep the base rate unchanged at 3%. The base rate is the main instrument used by the bank to combat inflationary pressures.
The Governor of the Bank, Mr. Sejko, said that inflation has been decreasing, mostly reflecting the drop in imported inflation and the devaluation of the euro.
But, he added that on the other hand, internal inflationary pressures continue to remain high, reflecting the high demand for goods and services, the tight conditions in the labor market and the rapid increase in wages and labor costs. .
inflation
The Consumer Price Index in June 2023 reached 114.0 compared to December 2020.
The annual change of the consumer price index in June 2023 is 4.5%, a year ago this change was 7.4%. The monthly change of the consumer price index in June 2023, compared to May 2023, is -0.3%.
The influence of the main groups on the annual change of the consumer price index.
The annual increase in prices in the month of June was mainly influenced by the group "Food and non-alcoholic beverages" with +3.63 percentage points, followed by the group "Furniture, household appliances and home maintenance" with +0.45 percentage points.
Prices of the "Rent, water, fuel and energy" group with +0.40 percentage points. "Entertainment and culture" group awards with +0.24 percentage points.
Prices of the "Hotels, cafes and restaurants" and "Miscellaneous goods and services" groups with +0.22 percentage points each. The prices of the "Alcoholic beverages and tobacco" group increased by +0.18 percentage points.
The prices of the "Clothing and shoes" group increased by +0.16 percentage points. Prices of the "Educational service" group with +0.06 percentage points. "Health" group prices with +0.05 percentage points. The prices of the "Communication" group contributed with +0.04 percentage points. "Transport" group prices with -1.13 percentage points.
Ndryshimet vjetore të grupeve kryesore: Krahasuar me muajin Qershor 2022, rritja më e madhe e çmimeve vërehet në grupet “Ushqime dhe pije joalkoolike” dhe “Argëtim dhe kulturë” me 10,3% secili, pasuar nga grupet “Mobilje, pajisje shtëpie dhe mirëmbajtje e shtëpisë” me 6,2%, “Hotele, kafene dhe restorante” me 4,8%, “Veshje dhe këpucë” me 4,4%, “Mallra dhe shërbime të ndryshme” me 4,0%, “Pije alkoolike dhe duhan” me 3,7%, “Shërbimi arsimor” me 2,2%, “Qira, ujë, lëndë djegëse dhe energji” me 2,1%, “Komunikimi” me 1,4% dhe “Shëndeti” me 1,2%.
On the other hand, the prices of the "Transporti" group decreased by 16.2%. Within the food group, the prices of the subgroup "vegetables including potatoes" increased by 26.1%, followed by the subgroups "milk, cheese and eggs" by 14.4%, "meat" by 10.9%, "fruit" by 9 ,6%, "fish" with 9.0%, "sugar, jam, honey, chocolate and sweets" with 4.3%, "bread and cereals" with 4.0%, etc.
Monthly changes of the main groups: Compared to the month of May 2023, the prices of the "Food and non-alcoholic beverages" group decreased by 1.2%, followed by the prices of the "Transportation" group by 0.3%.
On the other hand, the prices of the "Entertainment and culture" group increased by 1.8%, followed by "Clothing and shoes" by 0.4%, "Furniture, home appliances and home maintenance" and "Hotels, cafes and restaurants" ” with 0.3% each and “Various goods and services” with 0.2%/Monitor
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