Food prices break record
11/04/2013 19:45
Linda Rama: Between Family, Work and Albania’s Future 18/08 14:30
The prices of basic food products are skyrocketing, and salesmen say
that this tendency keeps going on since the beginning of this year.
Food inflation in March broke a new record this year, with 5.8%.
The growth was bigger with vegetables, which increased with 24.6%, compared to one year ago, and fruits that have increased with 10%, compared to the same month of one year earlier.
Salesmen say that the price increase comes from import, but the first domestic goods that are entering the market also have a higher cost.
This is a strong hit to the low income families that spend 80% of their monthly budget only for food.
The generally low inflation of 2.4% might be a result of the fact that the prices of some hygiene goods and transport fees have decreased, but they are still considered a luxury for the poor people.
Bank of Albania experts think that this situation will be temporary, but the increase of 5.8% of food for families that live with a minimal wage almost will not feel the positive effects of the government’s decision to remove the income tax.
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