Harmonized Index of Consumer Prices: Housing, Water, Electricity, Gas and Other Fuels for Albania
CP04MI15ALM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.13
Year-over-Year Change
0.30%
Date Range
12/1/2015 - 7/1/2025
Summary
This index measures changes in consumer prices for housing, water, electricity, gas, and other fuels in Albania. It is a key indicator of inflation and living costs for households.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation used across European Union countries. The Housing, Water, Electricity, Gas and Other Fuels component tracks price changes for essential household goods and services.
Methodology
The data is collected through surveys of consumer expenditures and prices by Albania's national statistical agency.
Historical Context
This index informs economic policy decisions and helps analysts understand cost-of-living trends.
Key Facts
- The index is published monthly by the Bank of Albania.
- Prices for housing, utilities, and fuels make up over 30% of the HICP basket.
- Tracking this index helps policymakers assess household financial pressures.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in consumer prices for key household expenses like housing, utilities, and fuels in Albania.
Q: Why is this trend relevant for users or analysts?
A: Monitoring this HICP component is crucial for understanding overall inflation and the cost of living pressures facing Albanian households.
Q: How is this data collected or calculated?
A: The data is collected through consumer expenditure surveys and price observations by Albania's national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers at the Bank of Albania and other institutions use this HICP data to inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The index is published monthly with a short lag, providing timely insights on household costs in Albania.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Housing, Water, Electricity, Gas and Other Fuels for Albania (CP04MI15ALM086NEST), retrieved from FRED.