epa01213061 A vendor gives the change in euro currency to a customer in Nicosia, Cyprus, 03 January 2008. The euro is on its third day of circulation in Cyprus. The Cyprus pound is not yet obsolete, as prices for all kinds of goods are presented in both currencies and shops still receive payments in Cyprus Pound and vendors give the change in Euros. Cyprus and Malta introduced the euro as their countries' official currency on 01 January 2008 expanding the eurozone group to 15 members and 318 million people. EPA/KATIA CHRISTODOULOU

Prices rise slightly in June, compared to a year ago, effected by food, rent and water

Prices of food and other products increased by an average of 1.8% in June, compared to the same month a year ago, INSTAT reported, below the target of 3% of the Bank of Albania. Growth has been affected by food, rent and water, while prices for other categories have declined, or there have been no changes.

INSTAT reported that the Consumer Price Index in June 2020 reached 108.1 compared to December 2015. The annual change in the consumer price index in June 2020 is 1.8%. A year ago this change was 1.3%. The monthly change of the consumer price index in June 2020, compared to May 2020 is -0.6%.

Annual changes of the main groups: Compared to June 2019, the largest price increase is observed in the group “Food and non-alcoholic beverages” with 4.1%, followed by the groups “Entertainment and culture” with 2.9%, “Furniture, home appliances and home maintenance ”with 2.0%,“ Rent, water, fuel and energy ”with 1.4%,“ Alcoholic beverages and tobacco ”with 0.6%,“ Hotels, cafes and restaurants ”with 0 , 5%, “Communication” with 0.4%, “Different goods and services” with 0.3%, “Educational service” with 0.2%. On the other hand, the prices of the “Transport” group decreased by 4.0%, followed by the “Health” groups by 0.6% and “Clothing and footwear” by 0.5%.

Within the food group, the prices of the subgroup “fruit” increased by 12.0%, followed by the subgroups “vegetables including potatoes” by 10.0%, “fish” by 6.1%, “oils and fats” by 5, 1%, “sugar, jam, honey, chocolate, and cakes” by 3.3%, “milk, cheese and eggs” by 2.0%, etc.

Monthly changes of the main groups: Compared to May 2020, the prices of the group “Food and non-alcoholic beverages” decreased by 1.5%, followed by the groups “Rent, water, fuel and energy” by 0.2% and “Transport ”by 0.1%. On the other hand, the prices of the group “Entertainment and Culture” increased by 0.8%, followed by the groups “Clothing and footwear” by 0.3%, “Alcoholic beverages and tobacco” and “Various goods and services” by 0,1%.

/Klara Ruci/

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