September inflation 1.9 percent, lowest level since June 2021

2024-10-09 10:07:19Biznes SHKRUAR NGA REDAKSIA VOX

September inflation 1.9 percent, lowest level since June 2021

The consumer price index (inflation) in September was 1.9 percent, the lowest level since June 2021. This is according to official INSTAT data.

A year ago, this change was 4.1%. The monthly change of the consumer price index in September 2024, compared to August 2024, is 0.6%.

More detailed data show that the annual increase in prices in September was mainly influenced by the group "Food and non-alcoholic beverages" with +0.94 percentage points, followed by the group "Rent, water, fuel and energy" with +0 ,30 percentage points.

Also, the prices of the group "Furniture, home appliances and home maintenance" were affected by +0.26 percentage points, the prices of the group "Alcoholic beverages and tobacco" by +0.17 percentage points, the prices of the group "Clothing and shoes" by +0.13 percentage points, the prices of the "Entertainment and culture" and "Miscellaneous goods and services" groups with +0.10 percentage points each, the prices of the "Hotels, cafes and restaurants" group with +0.09 percentage points, the prices of the "Health" group by +0.04 percentage points, the prices of the "Educational Service" group by +0.03 percentage points, the prices of the "Communication" group by +0.02 percentage points and the prices of the "Transportation" group marked decrease by - 0.28 percentage points.

Compared to the month of September 2023, the largest increase in prices is observed in the group "Entertainment and culture" with 4.6%, followed by the groups "Clothing and shoes" and "Furniture, home appliances and home maintenance" with 3.6% each, "Alcoholic beverages and tobacco" with 3.5%, "Food and non-alcoholic beverages" with 2.7%, "Miscellaneous goods and services" with 1.9%, "Hotels, cafes and restaurants" with 1.8 %, "Rent, water, fuel and energy" with 1.5%, "Health" with 1.1%, "Educational service" with 0.9% and "Communication" with 0.8%.

On the other hand, the prices of the "Transporti" group decreased by 4.5%.

Within the food group, the prices of the subgroup "vegetables including potatoes" increased by 6.5%, followed by the subgroups "fish" by 4.6%, "milk, cheese and eggs" by 3.9%, "meat" by 3.4%, "sugar, jam, honey, chocolate and sweets" with 3.0%, etc.

Compared to August 2024, the prices of the "Entertainment and culture" group increased by 1.9%, followed by "Food and non-alcoholic beverages" by 1.4%, "Clothing and shoes" and "Furniture, home appliances and maintenance of home" with 0.5% each.

"Educational service" increased by 0.4%, "Communication" by 0.2%, "Alcoholic beverages and tobacco", Rent, water, fuel and energy" and "Miscellaneous goods and services" by 0.1% each one. On the other hand, the prices of the "Transporti" group decreased by 0.1%.


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