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Ekonomi2025-05-26 16:44:00

Increase in basket prices and cost of living, Albania second in the Balkans!

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Increase in basket prices and cost of living, Albania second in the Balkans!

In a ranking of 40 countries analyzed, Albania ranks 10th for the highest increase in food prices over the last ten years.

Despite the positive economic growth rates, reflected in the projections of international macroeconomic institutions, Albanian citizens continue to face difficulties in meeting basic living costs.

According to the latest data from Eurostat, since 2015, the price index for the consumer basket in Albania has increased by 167%.

This level ranks Albania second in the Western Balkans region, after Serbia, where prices have increased by 175%.

Kosovo follows with an increase of 154%, while Montenegro marks an increase of 153% for the same period.

At the top of the list is Turkey, with a dramatic increase of around 1,600% in the prices of basic products since 2015.

In contrast, Switzerland is the country with the highest price stability, recording only 105% growth in ten years.

After Switzerland, the countries with the most stable markets are Ireland, Cyprus and Finland, where food price increases have not exceeded the 120% threshold.

Meanwhile, the average gross salary in Albania, according to INSTAT data, is around 77,500 lek or 770 euros per month.

In comparison, in Serbia this figure amounts to 1,150 euros, reflecting a significant difference in purchasing power.

Inflationary pressures caused by the pandemic and the war in Ukraine have significantly impacted global price increases.

However, the fiscal measures and monetary policies implemented by governments and central banks have directly determined the level of impact on consumers in each country./ EuronewsAlbania

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