Albania's Aug Consumer Prices Rise 0.6% M/M, Up 2.2% Y/Y – Table

On an annual basis, the country's consumer price inflation was 2.2% in August, INSTAT said in its monthly report.

The monthly CPI increase in August 2009 was mainly due to a 8.2% rise in the prices of vegetables, and a 3.8% gain in fruit prices.

The annual rise in consumer prices was mainly due to a 30.6% increase in the prices of vegetables and a 13.9% rise in fruit prices.

The country's CPI reached 102.4 points in August compared to its base of 100 points in December 2007. In August 2008 consumer prices rose by 0.6% on the month and were 2.5% higher on the year.

Albania's August CPI (percentage change):

NOTE: Albania targets an average annual inflation rate of 3.0% in 2009. In 2008 Albania’s average inflation accelerated to 3.4% from 2.9% in 2007.