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Albania's EU-harmonised annual inflation slightly slows to 6% in May

Albania's EU-harmonised annual inflation slightly slows to 6% in May Photo: Slovenia's SURS

TIRANA (Albania), June 21 (SeeNews) - Albania’s annual harmonised index of consumer prices (HICP) rose by 6% in May, after advancing 6.1% in April, the country's statistical office said on Tuesday.

The strongest upward push on annual inflation in May came from a 13.3% rise in the harmonised index of the transport group, followed by food and non-alcoholic beverages with a 9.6% rise and housing, water, electricity, gas and other fuels with a 4.8% rise, INSTAT said in a statement.

On a monthly comparison basis, Albania's HICP edged down 0.8% in May, after increasing by 0.6% in April.

Albania's non-harmonised consumer price inflation increased by 6.7% year-on-year in May, after rising by 5.2% the previous month, 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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