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The Minister of Economy: Inflation in July was 7.5%, the price of food and fuel has weighed on the pockets of Albanians

2022-08-22 10:31:28Biznes SHKRUAR NGA REDAKSIA VOX
The Minister of Economy: Inflation in July was 7.5%, the price of food and fuel
Delina Ibrahimaj

Inflation in Albania is significantly lower than the countries of the region. This was announced at a media conference by the Minister of Economy and Finance, Delina Ibrahimaj.

The economy has been affected by the Russian aggression that has affected the chains of the economy, in trade as well as in the increase in inflation. From the data we have, it has been shown that there was economic growth in the second and third quarters. This growth has pushed us to support the increase in consumption.

The interweaving of all policies together with the support has led to the fact that until now the Albanian economy has a positive performance and inflation is controlled. Inflation in Albania is significantly lower than the countries of the Region.

In the first 7 months of the year, inflation was 5.3%. Albania, with an inflation of 7.5% in July, is significantly the lowest among the countries of the region. The element that has had the most influence on the price increase of Albanians' costs are food and drinks and transport costs.

Until now, the economy has had a positive performance and inflation has been controlled, thanks to the measures and subsidies given by the government. Food and drinks have become more expensive during the month of July, followed by transport costs.' - said the minister.

The minister said that we had an increase in exports by 40% in value and in volume they decreased by 5%. As for imports, they increased in value by 24%, while in volume there was a decrease in imports by 8%.

Imports in value increased by 24%, while in volume there was a decrease in imports by 8% . We had negative performance influenced by fuels due to high prices. We had an increase in exports by 40% in value and in volume they decreased by 5%. - said the minister.


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