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Price crisis on the horizon! BoA: Cause, protests in Tirana and tensions in the Middle East

2026-11-12 16:38:15Biznes SHKRUAR NGA REDAKSIA VOX
Price crisis on the horizon! BoA: Cause, protests in Tirana and tensions in the
Bank of Albania

Price crisis on the horizon! Inflation, the indicator of currency depreciation in the face of rising costs of living, will continue to increase, at least until 2028. This is the forecast of the Bank of Albania, at a time when the government promises to make basic consumer foods cheaper.

"The increase in inflation is mainly caused by the increase in energy and raw material prices in international markets. We expect this pressure to be gradual and for inflation to return to the 3% target in 2028," said Rajna Hoxholli, Deputy Director of the Monetary Policy Department.

For the first time in recent decades, the BoA assesses the protests as the cause of "a stronger wave of inflation and a contraction in consumption."

The fiscal changes proposed by the government are also viewed with skepticism.

"Social tensions may be accompanied by increased uncertainty, which may have an impact on curbing consumption and tourist activity. Meanwhile, the impact of the fiscal package on inflation remains to be assessed ," Hoxholli emphasized.

Meanwhile, there is no shortage of risks, even more so as a result of the ongoing tensions in the Middle East.

"Tensions in international markets and adverse economic developments may be accompanied by increased uncertainty. This may affect the decision-making of businesses and consumers, as well as expectations for the performance of the economy and prices in the coming period ," said Rajna Hoxholli.

For the past month, INSTAT reported that inflation jumped to 3.4 percent from 2.9 percent in September, the highest level since January 2024.


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