Food prices do not stop, dairy leads, annual increase of 28% in February

2023-03-08 14:25:39 / EKONOMI&SOCIALE ALFA PRESS

Food prices do not stop, dairy leads, annual increase of 28% in February

The crisis in the livestock sector is creating a systemic disorder in the domestic market.

Inadequacy of dairy supplies is increasing the prices of milk and its by-products from month to month, as domestic products are now being competed by prestigious import brands.

INSTAT data show that in February 2023 the prices of milk, cheese and eggs experienced an annual increase of 28%, the highest rates than in all other items of the basket. Compared to last month, milk and cheese prices increased by 1.4 percent.

The structural problems of agriculture and livestock are becoming the cause of price disturbances coming from internal markets. But also the prices from the international markets are transmitted at higher levels than the real changes.

The second group with the largest increase in prices was "oils and fats" with an annual increase of 17.4%, influenced by milk due to the high increase in the price of domestically produced butter.

In February, fish had the third highest rate of price increase, with 16.3% compared to February 2022. Further, bread, meat and sugar and other processed foods grew at double-digit rates of 13-15% .

In the vast majority of 46 groups of goods and services, the increase in prices has been at historical records above the Bank of Albania's inflation target of 8.3 percent.

Nga shërbimet, rritjen më të lartë e kishte sektori i transportit me 9.3%, si rrjedhojë e rritjes së çmimit në naftës në rekorde historike pas luftës në Ukrainë.

Në të kundërt ishin vetëm pak artikuj që kishin pësuan ulje të çmimeve. Mjetet e transportit, shërbimet e argëtimit dhe pjesët audoivizive dhe frutat shënuan ulje.

Fondi Monetar Ndërkombëtar vlerësoi së fundmi se efektet e inflacionit në Shqipëri dhe në Ballkan janë më të ashpra se në BE, pasi rritja po udhëhiqet nga çmimet e ushqimeve, ndryshe nga Europa që po ndikohet nga energjia.

The weight of food in the monthly expenses in the Balkans is 42 percent of the monthly expenses, notes the IMF study. Data from the 6 countries of the Western Balkans (Serbia, Albania, Bosnia, Macedonia, Montenegro and Kosovo) show that the increase in prices has been stronger for the group of food products, making the increase in prices more severe in a Region where poverty is still at high levels./ Monitor

 

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