Albania's inflation down to 0.7 percent in December
(MENAFN) Albanian Statistics Institute (INSTAT) said the Consumer Price Index, a key gauge of inflation, was 0.7 percent in Albania in December, the lowest monthly level of 2014, Xinhua reported.
Compared with the figure in November 2014, the food and nonalcoholic beverage sector registered the highest increase of 2 percent, the INSTAT figures showed.
The prices in the transport sector registered the highest decline of 2.2 percent. In the transport sector, the price of diesel fell by 7.6 percent and petrol by 5.9 percent.
The decline in inflation indicates a weak economic growth and low consumption, influenced by the level of inflation in the eurozone, as about half of Albanian goods are imported.
Compared with the figure in November 2014, the food and nonalcoholic beverage sector registered the highest increase of 2 percent, the INSTAT figures showed.
The prices in the transport sector registered the highest decline of 2.2 percent. In the transport sector, the price of diesel fell by 7.6 percent and petrol by 5.9 percent.
The decline in inflation indicates a weak economic growth and low consumption, influenced by the level of inflation in the eurozone, as about half of Albanian goods are imported.
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