Albania - Inflation, consumer prices (annual %)
1992 - 2022

Albania's inflation, consumer prices (annual %) is currently 6.73%, according to the most recent World Bank data for the country (2022).

Definition

The consumer price index gauges inflation by indicating the yearly percentage shift in the expenses for an average consumer to procure a collection of goods and services, which could either remain constant or alter at specified periods like annually; typically employing the Laspeyres formula.

  • Albania's inflation, consumer prices (annual %) for 2022 was 6.725%, a 229.43% increase from 2021, with a +4 difference.
  • In 2021 it was 2.041%, a 25.95% increase from 2020.
  • In 2020 it was 1.621%, a 14.87% increase from 2019.
  • In 2019 it was 1.411%, a -30.42% increase from 2018.
  • In 2018 it was 2.028%, a 2.08% increase from 2017.
Measure: Percent

Average, Lowest, and Highest Recorded Values

The average inflation, consumer prices (annual %), value for Albania is currently 15.061% (average of years with recorded data) with a lowest recorded value of 0.05% in 2000 and a highest value of 226.0054% in 1992.

6.725%
Recent Data (2022)
2.041%
2021 Data
1.621%
2020 Data
6.725%
Most Recent Data (2022)
2.041%
2021 Data
All Time Albania Inflation, consumer prices (annual %) Data
Albania's Inflation, consumer prices (annual %) - Historical Data
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Comparison with Countries in the Europe & Central Asia Region.

Among countries in the same World Bank Europe & Central Asia (ECA) region, Albania comes in 42nd with 6.725% inflation, consumer prices (annual %).

Inflation, consumer prices (annual %), Top 10 Countries in the Europe & Central Asia Region.

Top 10 Countries in the Europe & Central Asia Region.
# Country Inflation, consumer prices (annual %) Year
1 Turkiye 72.31% 2022
2 Moldova 28.74% 2022
3 Ukraine 20.18% 2022
4 Lithuania 19.70% 2022
5 Estonia 19.40% 2022
6 Latvia 17.31% 2022
7 Bulgaria 15.33% 2022
8 Belarus 15.21% 2022
9 Czechia 15.10% 2022
10 Hungary 14.61% 2022

Comparison with Countries in the Upper middle income Group.

Among countries in the same World Bank Upper middle income (UMI) group, Albania comes in 31st with 6.725% inflation, consumer prices (annual %).

Inflation, consumer prices (annual %), Top 14 Countries in the Upper middle income Group.

Top 14 Countries in the Upper middle income Group.
# Country Inflation, consumer prices (annual %) Year
1 Venezuela, RB 254.949% 2016
2 Turkiye 72.309% 2022
3 Suriname 52.446% 2022
4 Moldova 28.737% 2022
5 Bulgaria 15.325% 2022
6 Belarus 15.210% 2022
7 North Macedonia 14.205% 2022
8 Bosnia and Herzegovina 14.021% 2022
9 Azerbaijan 13.852% 2022
10 Montenegro 13.040% 2022
11 Palau 12.353% 2022
12 Serbia 11.982% 2022
13 Georgia 11.898% 2022
14 Botswana 11.666% 2022