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The expert on economic issues, Vjoldi Didanaj emphasized that the fall of the euro should have also brought down the prices. He said that he does not expect that there will be a reduction in prices in the coming months unless institutions intervene to control abuses in imports.
" I am a little skeptical about the drop in prices. If there was a decline, we should see it with the fall of the euro. The weakening of the euro has favored imports and this would logically bring a drop in prices. But it has not come due to two main factors, one related to the law of the economy that has increased demand. If we look at products that were exported before this period, now 80 percent of them are consumed in the domestic market because the demand has been higher. Normally, this also has its abusive side, the lack of price reduction because the importers to some extent have indirectly abused the prices, which did not reflect the change in the purchase price they had", he emphasized .
" Increasing prices brings uncertainty about the future for every consumer. They focus their spending only on the most vital products, saving even those products that bring higher added value. The rest are skeptical because they are not looking at a serious movement of institutions. There are movements that respond to the moment and there is no long-term planning that provides security and stability for the consumer to increase spending on consumption and then this would affect the economy. In the economy, things are a chain, if one link doesn't work, the whole chain has problems. Normally, chain problems turn into a boomerang and damage the national economy," he said.
Regarding inflation, he emphasized that it is too early to talk about a stabilization or achievement of the objective of the Bank of Albania. The expert says that in the following months we will be in this situation and we can talk about an 'economic calm' from next year.
" Inflation has remained constant to some extent. Speaking of measurable inflation, the control issue that had the lek, the strengthening of the currency, and BSH therefore did not take steps to regulate the exchange rate. The bank made these moves after seeing a kind of stabilization of this inflation. I think we can stay at these levels that we are today, without having strong price fluctuations so we will stay more or less in these waters. I wish that we have a decrease in inflation and an improvement in the standard of living, but this year we will start with these economic difficulties that we started the year with, and maybe in 2024 we can talk about an 'economic calm' in the country," added the expert .
He says that from the middle of September onwards, it is expected that there will be a stabilization of the euro, but according to him, it will be very difficult to reach the previous levels.
"I think it's both factors, the Bank of Albania's communication to control the exchange rate situation has had a positive impact because the bank has sought to minimize the consequences of this problem, but it cannot control it 100 percent. There is also another factor. We have come to the end of the tourist season, where the flow of foreign currency has dropped significantly and the number of tourists has also decreased. But it seems that there is also an awareness on the part of the institutions or the movements to control the informal lek. So two become three factors, which intertwine with each other. These fluctuations are normal at least until September 15, but after this date we will have a somewhat stabilized euro where I think it will go up to 114 lek.", said the expert.
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