TIRANA (Albania), December 7 (SeeNews) – Albania's consumer price inflation decelerated to 1.8% year-on-year in November, from 1.9% in October, the country's statistical office said on Friday.
Prices of food and non-alcoholic beverages, which have the largest weight of 38.6% in the consumer basket, increased by 2.0% in November, after adding 1.8% 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, added 3.1% in November, after increasing 3.4% in October.
On a monthly comparison basis, consumer prices in Albania edged down 0.2% in November, after falling at the same level in October.
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.