Today: May 01, 2026

Inflation rate hits 5-year high

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9 years ago
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TIRANA, Feb. 8 – Albania’s inflation rate hit a five-year high of 2.8 percent last January fuelled by a hike in fuel and liquid gas prices and one of the coldest months in three decades paralyzing the country and causing huge damage to greenhouse crops. A report published by the country’s state statistical institute, INSTAT, shows the January inflation rate, which is only 0.2 percent below the central bank’s target, was triggered by a 5.8 percent hike in food and alcoholic beverage prices, the key item in the consumer basket. Within this group, food prices rose by 6.2 percent while…

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Prof. Dr. Alaa Garad is President and Founding Partner of the Stirling Centre for Strategic Learning and Innovation, University of Stirling Innovation Park, Scotland. He is actively engaged in health tourism, higher education and organisational learning across the Western Balkans, including the Global Health Tourism Leadership Programme in Albania.

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