Tag: <span>Inflation</span>

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BoA Pushes Key Rate to 2.25% to Curb Inflation
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BoA Pushes Key Rate to 2.25% to Curb Inflation

TIRANA, October 5 The Bank of Albania (BoA) raised its key interest rate to 2.25% on Wednesday. The decision aims to cool off inflation that came in at 7.5 percent and 8.0 percent respectively in July and August, confirmed BoA’s governor Gent Sejko during a press announcement. “Recent information suggests that increased supply and uncertainty...

Consumer Index Price Hits Decade-High in February
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Consumer Index Price Hits Decade-High in February

TIRANA, March 9 The February inflation report was the hottest ever for the last decade. According to the data published by the Albanian Institute of Statistics (INSTAT), February consumer prices reached the highest level in over ten years as costs increased for a wide range of products. Based on INSTAT stats, the Consumer Price Index...