cost of living

Between income growth and declining living standards in Albania (2023–2025)

On the surface, Albania appears to be experiencing economic improvement. Wages have risen significantly, and official statistics report increases in nominal incomes. However, a closer analysis of the 2023–2025 period reveals a more complex reality. Growth on paper does not...

Purchasing power, inequality, and the sustainability of living in Albania (2023–2025)

The analysis for the period 2023–2025, based on INSTAT data and studied by ALTAX’s simulated economic development scenarios, provides a clear picture of the internal tensions shaping Albanian household economics. At first glance, incomes and expenditures appear in a...

Albanian economy 2024, growth on consumption and wages, without a sustainable production base

The economic panorama of 2024, according to data published by INSTAT on non-financial accounts by institutional sectors, reflects a reality with two views: on the one hand, we have an economy that grows in nominal terms, driven by consumption...

The increase of the average salary in Albania (2013 – 2024) and the Pros and Cons

In Albania, the increase of the average salary is a topic often used as an indicator of economic improvement by the government, but it is also criticized for how it is presented and the real impact it has on citizens. The...

Price increases significantly affect the cost of living for low-income groups and those earning the minimum wage

Data on the Consumer Price Index (CPI) for 2024 and 2025, using December 2020 as the base (with a value of 100), provide insight into price developments across various categories of goods and services. This information is useful for understanding...

Let’s comment together on Household Expenditures and the Income NEEDED, 2025

ALTAX brings a new analysis to the public and researchers. The study titled "Household Expenditures and the Income NEEDED, 2025" aims to provide a detailed overview of how Albanian families are coping with their expenditures in 2024, with a forward-looking perspective...

Higher minimum wage limiting the increase in labor costs for employers

The legal minimum wage level has over the years been used as the most direct policy instrument of governments to influence wage levels at the bottom of the distribution mechanism. But even though minimum wages are considered as a policy action...

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