Consumer Price Grows by 2% in May, INSTAT Says
Albanian Daily News
Published June 9, 2017
Consumer price index increased by 2% in May 2017, mainly from “Food and non-alcoholic beverage” group by +1.42 point percentage (p.p.), according to the Institute of Statistics (INSTAT) report.
Based on INSTAT monthly report, prices of “Housing, water, electricity and other fuel” group contributed by +0.18 p.p.. Prices of “Transport” group contributed by + 0.16 p.p. Prices of “Recreation and culture” group contributed by +0.06 p.p..
Prices of “Alcoholic beverages and tobacco” and “Education service” groups contributed respectively by +0.04 and +0.03 p.p.. Prices of “Communication” group contributed by +0.02 p.p.. Prices of “Clothing and footwear” and “Furniture household goods and maintenance” contributed respectively by -0.08 p.p. and -0.02 p.p..
Compared to May 2016, prices increased the most in the group, “Alcoholic beverages and tobacco” by 3.8 %, followed by “Different goods and services” by 3.0 %, “Transport” by 2.6 %, “Recreation and culture” by 2.0 %, “Housing, water, electricity and other fuel” by 0.9 %, “Food and non-alcoholic beverage” by 0.8 %, etc.
According to the report monthly rate of consumer price is -1.2 %. Compared to April 2017 prices decreased the most in “Food and non-alcoholic beverage” group by 2.7 %, followed by “Recreation and culture” group by 2.4 %, “Transport” group by 0.7 %, etc. The most increase of the prices was in followed by “Clothing and footwear” group by 0.3 %.





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