Inflation rates by country and year
Data: World Bank, annual %. For information only — not financial advice.
Behind the curve
Turning points in Albania
- 1992↑ Upward pressure
The economy of Albania ↗ — Wikipedia (opens in a new tab)
As Albania moved from central planning to a market economy, freeing controlled consumer prices converted suppressed inflation into open inflation. The IMF records an initial 1992 spike above 200%, followed by stabilisation measures later that year.
- 1997↑ Upward pressure
The 1997 unrest ↗ — Wikipedia (opens in a new tab)
The collapse of Albania's pyramid schemes triggered civil disorder, a production fall and an acceleration of inflation in 1997. The Bank of Albania responded with sharply higher interest rates to absorb liquidity and restore stability.
- 2008↑ Upward pressure
The world food price crisis ↗ — Wikipedia (opens in a new tab)
Bank of Albania identified the global food and oil shock, poor 2007 agricultural output and a March 2008 administered-energy increase as Albania-specific contributors; food prices were the largest part of the inflation rise.
- 2022↑ Upward pressure
The post-pandemic inflation surge ↗ — Wikipedia (opens in a new tab)
The Ukraine-related surge in imported food, energy and oil prices lifted Albanian inflation in 2022, while regulated household electricity prices, an appreciating lek and domestic unprocessed-food supply moderated it relative to neighbouring countries.
These are selected historical influences, not a complete account of inflation. An upward-pressure event can coincide with a peak when its inflationary effect has already occurred or when other forces begin pushing inflation lower. The markers show the years in which events occurred, although their effects may extend into later years.