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Governor Sejko: Inflation 2.5% in the first quarter of the year, impact from the conflict in the Middle East

2026-05-06 17:29:00, Ekonomi CNA

Governor Sejko: Inflation 2.5% in the first quarter of the year, impact from the

Consumer price inflation averaged 2.5% in the first quarter of 2026, recording a slight increase compared to the previous quarter. 

As the Governor of the Bank of Albania, Gent Sejko, emphasized in a press conference, the prices of food and other items in the basket had a more stabilized performance.

"The direction of inflation in the first quarter was in line with our expectations and this indicator still remains below target. However, the rapid increase in oil prices in world markets in March immediately had its impact on this month's inflation, illustrating the beginning of its transmission to the Albanian economy. In macroeconomic terms, the inflation performance over the past quarters has been dictated by the increase in domestic pressures and by the low levels of imported inflation. However, excluding the high rent inflation, which is expected to be of a transitory nature, domestic pressures remain in line with our price stability objective. On the other hand, the low levels of imported inflation have been dictated, to a considerable extent, by the strengthening of the exchange rate. However, the increase in oil prices and its transmission to other items is expected to be accompanied by an increase in imported inflation over the coming quarters", - emphasized Sejko.

Sejko also stated that the military conflict and geopolitical tensions in the Middle East remain a source of risk and uncertainty for the global and Albanian economy./ CNA





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