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Albania's EU-harmonised annual inflation slightly slows to 2.5% in Oct

Albania's EU-harmonised annual inflation slightly slows to 2.5% in Oct Photo: www.stat.si

TIRANA (Albania), November 18 (SeeNews) - Albania’s annual harmonised index of consumer prices (HICP) rose by 2.5% in October, after advancing by 2.6% in September, the country's statistical office said on Thursday.

The strongest upward push on annual inflation in October came from a 3.9% rise in the harmonised index of the groups of prices of food and non-alcoholic beverages and transport, followed by communication with a 3% rise, INSTAT said in a statement.

On a monthly comparison basis, Albania's HICP edged up 0.2% in October, after rising 0.5% in September.

Albania's non-harmonised consumer price inflation slightly slowed to 2.4% year-on-year in October, from 2.5% in September, 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.

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