Only oil, coffee and soft drinks registered the lowest rate of price increase in April, with the annual inflation ranging from 0.8 to 3%. The rest of the food products are not seeing stability in the market, as the inflation rate remains above 10%. Data from INSTAT show that dairy products, fish, meat and vegetables in April were up to 15% more expensive than April last year.
For dairy products, operators say they face high packaging costs and staff shortages. Even the price of meat is related to the difficulties that livestock farmers in the country are going through.
Families are also facing high prices of fruits and vegetables, some of which are being sold expensively, even though they are seasonal products.
Meanwhile cereals, bread and sugar had a more moderate growth in April, with an average inflation level of 5.3%.
Albania is entering a downward trajectory of inflation since November. Today it is recorded at 4.6% for all goods, compared to the peak of 8.3% in October.
The Bank of Albania and the government predict that the average inflation will reach 3% within the first 6 months of 2024.
