TIRANA (Albania), September 9 (SeeNews) – Albania's consumer prices rose by 1.4% year-on-year in August, after increasing by 1.5% in July, the country's statistical office said on Monday.
Prices of food and non-alcoholic beverages, which have the largest weight of 37.0% in the consumer basket, grew 2.4% year-on-year in August, after adding 2.8% in the previous month, INSTAT said in a monthly inflation report.
Prices of housing, water, electricity and fuel, which have 21.5% weight in the consumer basket, increased 0.8% in August, after growing at the same rate in July.
On a monthly comparison basis, consumer prices in Albania rose 0.3% in August, after dropping 0.1% in July.
Last month, Albania's central bank decided to keep its key policy rate unchanged at record low 1.0%, as inflation is expected to return to the central bank's target of 3.0% in 2020.