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The rise in prices has not stopped even for the month of May. Inflation reached 6.7%, while this level is the highest in the last 20 years in our country.
The main groups that influenced the inflation in May are food followed by transport, which includes the increased prices of fuels, followed by the group of rent, fuels and energy.
Energy costs have increased for businesses in the free market, while in May the price reached 32 ALL / h, 3 times higher than a year ago, while by 60% has increased the price of energy for businesses in tension. secondary, but remains unchanged for family members and small businesses.
Fuels also continue to increase, while the recent decision of the Board has sent the price of oil to the historic level of 258 ALL.
The Bank of Albania has raised the key interest rate to fight inflation, but this measure is still not showing signs of slowing down, while the level of new credit or money in circulation continues to rise.
On the other hand, the lek is still strong against the euro. This has somewhat reduced the inflation that comes from goods bought from abroad, as with the EU, Albania realizes about 60% of foreign trade.
High inflation is giving the first signs of a slowdown in consumption in the country, as shown by customs figures, where in April and May less oil was imported.
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