TIRANA (Albania), June 18 (SeeNews) – Albania’s annual harmonised index of consumer prices (HICP) rose by 1.6% in May, following a 1.5% annual rise in April, the country's statistical office said on Tuesday.
The strongest upward push on annual inflation came from a 3.3% rise in the harmonised index of consumer prices of food and non-alcoholic beverages, followed by hotels and restaurants (+2.1%), INSTAT said in a statement.
On a monthly comparison basis, Albania's HICP fell 1.4% in May, after dropping 0.2% in the previous month.
Albania's non-harmonised consumer price inflation rose by 1.5% year-on-year in May, after increasing by 1.4% in April, INSTAT said earlier this month.
INSTAT started publishing inflation measurement through the HICP in February 2017. The HICP measures consumer price inflation in the euro area. It is compiled according to a methodology that has been harmonised across EU countries to ensure that the data for one country can be compared with the data for another.