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Albania's EU-harmonised annual inflation slows to 2.1% in June

Albania's EU-harmonised annual inflation slows to 2.1% in June Photo:

TIRANA (Albania), July 26 (SeeNews) - Albania’s annual harmonised index of consumer prices (HICP) rose by 2.1% in June, after adding 2.4% year-on-year in May, the country's statistical office said.

The strongest upward push on annual inflation in June came from a 4.2% rise in the harmonised index of transport, followed by prices of food and non-alcoholic beverages with a 2.8% rise, INSTAT said in a statement last week.

On a monthly comparison basis, Albania's HICP edged down 1% in June, after decreasing 0.7% in the previous month.

Albania's non-harmonised consumer price inflation slowed down to 1.6% year-on-year in June, from 1.8% in May, 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.