Albania’s consumer prices rose by 1.3% year-on-year in June, after increasing by 1.5% in May, the country’s statistical office said on Monday.
Prices of food and non-alcoholic beverages, which have the largest weight of 37.0% in the consumer basket, grew 2.7% in June, after adding 3.1% in the previous month, INSTAT said in a monthly inflation report.
Housing, water, electricity and fuel prices, which have 21.5% weight in the consumer basket, increased 0.8% in June, after growing by 1.1% in May.
On a monthly comparison basis, consumer prices in Albania fell 0.3% in June, after dropping 1.0% in May.
Last week, Albania’s central bank decided to keep its key policy rate unchanged at record low 1.0%, as inflation is expected to return to the central bank’s target of 3.0% in 2020.