{"id":36079,"date":"2022-05-11T08:38:41","date_gmt":"2022-05-11T06:38:41","guid":{"rendered":"https:\/\/euronews.al\/en\/?p=36079"},"modified":"2022-05-11T08:40:36","modified_gmt":"2022-05-11T06:40:36","slug":"expert-says-inflation-in-albania-has-hit-a-double-digit","status":"publish","type":"post","link":"https:\/\/euronews.al\/en\/expert-says-inflation-in-albania-has-hit-a-double-digit\/","title":{"rendered":"Expert says inflation in Albania has hit a double-digit \u00a0"},"content":{"rendered":"<p>Economy expert Gent Beqiri says double-digit inflation might now be plausible in Albania, based on the annual change of the consumer price index, referring to April figures reported at 6.2% compared to 1.9% last year.<\/p>\n<p>In an interview on Good Morning, Beqiri said that apart from increased prices, there\u2019s also a downgrade of the products offered in Albanian markets.<\/p>\n<p>\u201cI am confident that inflation in Albania is a two-digit figure. Not only prices are rising, but the products that are being offered are worsening. Let\u2019s take as an example our bread. Its price rose and its size got smaller. This is a problem, and it could potentially be the case for other products, too\u201d, he said.<\/p>\n<p>According to the expert, Albania failed to build a competitive market economy, but a \u201cchaotic\u201d one.<\/p>\n<p>In addition, he criticized the Board of Transparency for fixing market prices, as products are imported from several places, and as a result, they come with a different price and quality.<\/p>\n<p>According to an INSTAT report released a few days ago, transport and food invoices continued to soar in April, taking inflation to 6.2%.<\/p>\n<p>This figure has hit a record-high since 2001, and it is forecast to burden Albanian families until the beginning of 2023.<\/p>\n<p><strong>YOU MIGHT ALSO LIKE<\/strong><\/p>\n<ul>\n<li><strong><a href=\"https:\/\/euronews.al\/en\/albania\/2022\/05\/09\/inflation-reached-6-2-in-april-3-times-higher-than-bsh-objective\/\">Inflation reached 6.2% in April; 3 times higher than BSH objective<\/a><br \/>\n<\/strong><\/li>\n<li><strong><a href=\"https:\/\/euronews.al\/en\/albania\/2022\/04\/08\/inflation-hits-highest-in-2-decades-prices-of-goods-rose-by-5-7\/\">Inflation hits highest in 2 decades, prices of goods rose by 5.7%<\/a><\/strong><\/li>\n<li><strong><a href=\"https:\/\/euronews.al\/en\/albania\/2022\/04\/05\/annual-inflation-set-to-hit-4-5-warns-economy-minister\/\">Annual inflation set to hit 4.5%, predicts economy minister<\/a><\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Economy expert Gent Beqiri says double-digit inflation might now be plausible in Albania, based on the annual change of the consumer price index, referring to April figures reported at 6.2% compared to 1.9% last year. In an interview on Good Morning, Beqiri said that apart from increased prices, there\u2019s also a downgrade of the products [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":36080,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[261],"tags":[270,1405,485,150,151],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Expert says inflation in Albania has hit a double-digit \u00a0 - Euronews Albania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/euronews.al\/en\/expert-says-inflation-in-albania-has-hit-a-double-digit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Expert says inflation in Albania has hit a double-digit \u00a0 - Euronews Albania\" \/>\n<meta property=\"og:description\" content=\"Economy expert Gent Beqiri says double-digit inflation might now be plausible in Albania, based on the annual change of the consumer price index, referring to April figures reported at 6.2% compared to 1.9% last year. 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