June 8 (SeeNews) - Albania's consumer price inflation accelerated to 2% year-on-year in May, from 1.9% in April, the statistical office, INSTAT, said on Thursday.
Prices of food and non-alcoholic beverages, which have the largest weight of 40% in the consumer basket, grew by 3.8% on the year in May, after adding 3% a month earlier.
Housing, water, electricity and fuel prices, which have a weight of 20.7% in the consumer basket, edged up 0.9% on the year in May, after growing by the same pace in April.
On a monthly comparison basis, consumer prices in Albania declined by 1.2% in May, following a 0.6% drop in the previous month.
In May, Albania's central bank decided to keep its key interest rate at record low 1.25%. Inflation is anticipated to return to the central bank's target of 3% around the end of 2018.