February 8 (SeeNews) - Albania's consumer price inflation accelerated to 2.8% year-on-year in January, from 2.2% in December, the statistical office, INSTAT, said on Wednesday.
Prices of food and non-alcoholic beverages, which have the largest weight of 40% in the consumer basket, grew by 5.8% on the year in January, after rising 4.6% a month earlier.
Housing, water, electricity and fuel prices, which have a weight of 20.7% in the consumer basket, edged up 0.4% in January following an annual increase of 0.9% a month earlier.
Monthly inflation was 1.5% in January.
At the beginning of February, Albania's central bank decided to keep its key interest rate at record low 1.25%. Inflation is anticipated to return to the central bank's 3% target around the end of 2018.