June 14, 2023
In the first quarter 2023, Producer Price Index reached 129.5 compared to 2020 in Albania. Compared to the first quarter of 2022, the Producer Price Index increased by 9.4 %, a year ago this change was 17.0 %. Producer Price Index in the first quarter 2023 increased by 1.5 % compared with fourth quarter 2022
Annual change: Compared to the first quarter of 2022, the largest price increase of 18.3 % is observed in the “Electricity, gas, steam and air-conditioned” section, followed by the “Mining and quarrying” section with 13.0 % and “Manufacturing Industry” section by 7.0 %. Within this section, the largest increase in prices is observed in the activity “Paper printing and regrouping of recorded media” by 25.4 %, followed by the activities “Manufacturing of woods and products of wood and oak, except furniture; manufacture of articles of straw and reed” by 15.1%, “Manufacture of non-metallic mineral products” with 13.2 %, “Other transport equipment” by 1.4 %, etc. On the other hand, the biggest decrease in prices is observed in the activity “Manufacture of transport vehicles, trailers and semi-trailers” with 4.0%, followed by the activity “Manufacture of coke and petroleum products refinery” with 2.8 %.
Source: ISNTAT
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
