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Dec 11, 2017 13:17 EEST
TIRANA (Albania), December 11 (SeeNews) – Albania's consumer price inflation decelerated to 1.7% year-on-year in November, from 1.9% in October, the statistical office, INSTAT, said on Monday.
Prices of food and non-alcoholic beverages, which have the largest weight of 40% in the consumer basket, grew by 3.7% on the year in November, after adding an annual 4% in the previous month.
Housing, water, electricity and fuel prices, which have a weight of 20.7% in the consumer basket, added 0.6% on the year in November, after an annual increase of 1.1% in October.
On a monthly comparison basis, consumer prices in Albania edged down 0.1% in November, after adding 0.04% in the previous month.
At the beginning of November, Albania's central bank decided to keep its key interest rate unchanged at record low 1.25%. Inflation is anticipated to return to the central bank's target of 3% around the first half of 2019 rather than in 2018 as previously expected.
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