_1712812385.png)
CEE falling inflation trend comes to an end
3 days ago
Albania posted an annual Consumer Price Index (CPI) inflation of 1.3% in August, slowing slightly from a 1.4% CPI inflation a month earlier, the state statistics office Instat said on September 8. In monthly terms, Albania turns to a 0.2% inflation after the index was down by 0.5% in July.
According to the International Monetary Fund (IMF), Albania’s consumer prices are seen increasing by 2.4% in 2020 and 2.7% in 2021, speeding up from the 1.4% inflation last year. Central bank governor Gent Sejko said recently that the current monetary conditions provided the necessary stimulus to encourage economic growth and for the return of inflation within target of 3% by 2022.
At annual level, prices increased the most in the group of food and non-alcoholic beverages, by 3.1%, the same growth as a month before, followed by furniture and household goods which increased 1.9% y/y vs 1.8% rise in July.
The group of food and non-alcoholic drinks contributed 1.14 pp to overall inflation.
Transport prices decreased the most at an annual level, by 5.8%, worsening from a 4.8% drop in July.
In monthly terms, furniture and household goods prices increased the most in August by 0.5%, after edging down 0.2% in the seventh month of the year.
Food and non-alcoholic beverage prices turned to a 0.4% m/m increase vs 1.3% drop a month before.
Related Content
Data
CEE falling inflation trend comes to an end
After spiking to 20-year highs thanks to the pandemic and Europe’s Russian induced energy crisis, inflation rates across the EU have tumbled in recent months. That trend has ended and CEE central banks are expected to hike rates again in 2H24.
Hungary’s CPI edges lower, but price pressures remain in service sector
Consumer prices in Hungary rose 3.6% y/y in March, but services' prices rose almost 10%.
_1712748358.png)
Czech inflation stagnated at 2% in March
Consumer price indices (inflation) in Czechia remained at 2% in March, the same year-on-year growth as in February, which is the lowest inflation rate since December 2018.
Ukraine records lowest inflation in over three years
Ukraine's inflation rate dropped to its lowest level in more than three years in March 2024, marking a significant slowdown in consumer price growth, according to data released by the State Statistics Service.
Most Read
-
Iran vs Israel: Who is better equipped for war?
2 days ago
-
Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
5 months ago
-
Central Asian states have a coal dependency problem – report
1 day ago
-
China expanding security footprint in Central Asia
4 days ago
-
Iran's attempt at a "Goldilocks retaliation" strike on Israel was designed to fail, but tensions remain high
1 day ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
Saudi Arabia to scale back plans for Neom city
5 days ago
-
The ruble overtakes the yuan as Russia's main currency for settling international trade deals
6 days ago
-
Leading emerging markets move rapidly up World Bank’s PPP GDP and FDI confidence rankings
6 days ago
-
Iran vs Israel: Who is better equipped for war?
2 days ago
-
Russia could pay off its entire external debt tomorrow, in cash
16 days ago
-
Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
20 days ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
UBN: Russia could take the Baltic states in 48 hours
25 days ago
-
BRICS announce a blockchain-based payment system to create a common currency
18 days ago