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Prices return to growth in November, inflation reaches 3.9%/ Food and drinks affected

2023-12-08 10:58:42Biznes SHKRUAR NGA REDAKSIA VOX

Prices return to growth in November, inflation reaches 3.9%/ Food and drinks

Data from the Institute of Statistics (INSTAT) show that in November of this year, the rate of price increase was recorded at 3.9%, while the inflation rate during October was close to 3.8%.

While the inflation rate during October was close to 3.8%, data from INSTAT show that in November of this year, the rate of price increase was recorded at 3.9%. However, this rate is significantly lower than a year ago when the change in consumer prices was at the level of 7.9%. Although compared to a year ago, the general increase in prices has slowed down, the figures indicate that food prices continue to be at high levels and, in addition, have given the main contribution to the level of inflation near 3.9% in November.

So, the annual increase in prices in November was mainly influenced by the group "Food and non-alcoholic beverages" with 2.52 percentage points, followed by the group "Rent, water, fuel and energy" with 0.37 percentage points. The prices of the group "Furniture, home appliances and home maintenance" with 0.36 percentage points. The prices of the "Hotels, cafes and restaurants" group were affected by 0.19 percentage points. On the other hand, the prices of the group "Alcoholic drinks and tobacco" by 0.17 percentage points. According to the data, only the transport group gave a negative contribution with 0.25 points.

Compared to November of last year, the biggest increase in prices is observed in the group "Food and non-alcoholic beverages" with 7.1%, followed by the groups "Entertainment and culture" with 6.0%, "Furniture, home appliances and home maintenance" with 4.8%, "Hotels, cafes and restaurants" with 4.3% and "Alcoholic beverages and tobacco" with 3.5%. The prices of the group "Clothing and shoes" with 2.9%, "Miscellaneous goods and services" with 2.8%, "Educational service" with 2.6%, "Rent, water, fuel and energy" with 1.9%, "Health" with 1.0% and "Communication" with 0.5%. On the other hand, the prices of the "Transporti" group decreased by 4.0%.

What is noticeable from the figures are the prices of greens that continue to grow at double-digit rates. Within the food group, the prices of the subgroup "vegetables including potatoes" increased by 21.2%, followed by the subgroups "fruit" by 9.3%, "milk, cheese and eggs" by 8.3%, "meat" by 7.1%, "fish" by 2.7%, "sugar, jam, honey, chocolate and sweets" with 2.6%.

Compared to October 2023, prices fell by 0.2% according to INSTAT data. The biggest drop was the prices of the group "Entertainment and culture" with 0.9%, followed by the groups "Food and non-alcoholic beverages" with 0.4%.


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