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Albania's EU-harmonised annual inflation slows down in March

Albania's EU-harmonised annual inflation slows down in March New Bazaar, Tirana, Albania

TIRANA (Albania), April 18 (SeeNews) – Albania’s annual harmonised index of consumer prices (HICP) rose by 1.4% in March, following a 2.1% rise in February, the country's statistical office said on Thursday.

The strongest upward push on annual inflation came from a 3.6% rise in the harmonised index of hotels and restaurants, followed by consumer prices of food and non-alcoholic beverages (+2.6%), and alcoholic beverages and tobacco (+0.6), INSTAT said in a statement.

On a monthly comparison basis, Albania's HICP fell 0.5% in March, after increasing 0.8% in the previous month.

Albania's non-harmonised consumer price inflation slowed down to 1.1% year-on-year in March, from 1.7% in February, 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.