TIRANA (Albania), January 10 (SeeNews) – Albania's consumer prices rose by 1.8% year-on-year in December, after increasing at the same annual rate in November, the country's statistical office said on Thursday.
Prices of food and non-alcoholic beverages, which have the largest weight of 38.6% in the consumer basket, increased by 2.8% in December, after adding 2.0% in the previous month, INSTAT said in a monthly inflation report.
Housing, water, electricity and fuel prices, which have 20.9% weight in the consumer basket, rose 2.2% in December, after increasing by 3.1% in November.
On a monthly comparison basis, consumer prices in Albania increased by 1.1% in December, after falling by 0.2% in November.
Last month, Albania's central bank decided to keep its key policy rate unchanged at record low 1.0%. Inflation is expected to return to the central bank's target of 3.0% in 2020, the central bank said.