Inflation Albania 2024
Average inflation: 2.2%
Current Inflation
Inflation is normal at 2.2%, around the ECB target.
Peak and Trough
The highest inflation was in January at 3.4%. The lowest inflation was in September at 1.9%.
- Highest month
- January: 3.4%
- Lowest month
- September: 1.9%
- Difference
- 1.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 2.6%. The lowest price increase was in Energy with an average of -1.2%.
- Highest increase
- Food: 2.6%
- Lowest increase
- Energy: -1.2%
Historical Context
Current inflation is 1.3% lower than the 5-year average of 3.5%.
- 5-year average
- 3.5%
- 10-year average
- 2.6%
- All-time high (2022)
- 6.7%
- All-time low (2016)
- -0.1%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +2.6 percentage point.
- Change vs. previous year
- -2.6 percentage points
- Largest monthly swing
- February: -4.5 percentage points
ECB Target
Inflation is close to the ECB target of 2.0%.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €102.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 3.4% | -3.8 |
| February | 2.6% | -4.5 |
| March | 2.3% | -3.0 |
| April | 2.1% | -2.5 |
| May | 2.2% | -2.5 |
| June | 2.1% | -2.4 |
| July | 2.1% | -2.1 |
| August | 2.0% | -2.0 |
| September | 1.9% | -2.2 |
| October | 1.9% | -1.9 |
| November | 2.0% | -1.9 |
| December | 2.1% | -1.9 |
| Average | 2.2% |
Data source
Data from WorldBank. Last updated: 06/01/2026.