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Living for Albanians is becoming more and more expensive!
This is evidenced by the strong rise in prices that in November marked the highest level of the last ten years, bringing inflation to 3.1%, beyond the central bank target of 3%.
Today, consumers pay more for food, mainly fruits and vegetables, bread and cereals, which have seen the largest increase, buy more expensive fuels, while the increase in the price of raw materials in foreign markets has led to rising costs for go to cafes and restaurants where their increase is billed to the final consumer.
But how do experts read this high inflation rate?
“We are talking about the inability to consume as a result of depreciation, the inability to consume at previous levels due to the lack of income growth, while rising prices while we are on the eve of the holidays. We will have a constant price increase of prices even artificially. We have an excess of the inflation target rate that does not come from the increase in demand but from the increase in the price of productive factors“, Says the expert on economics, Elona Shehu.
In the face of this unstoppable wave of price increases, experts propose central bank interventions to stabilize them, as with the entry into force of the new fiscal package they explain their further rise in price is inevitable.
“It is a signal that the bank itself should take steps to normalize the situation because we are not dealing with temporary factors, we do not have in the background an increase in demand that has led to this increase in prices. “Central banks in other countries are also reviewing their policies.” explains Shehu.
The situation of rising prices seems to have left them unsure, where although in November their confidence in the economy improved, their estimates of spending and making big purchases in the future were declining.
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