Harmonized Index of Consumer Prices (HICP), April 2018

  • 11/05/2018

The Kosovo Agency of Statistics (KAS) has published the "Harmonized Index of Consumer Prices" (HICP) for the month of April 2018.

Since January 2016, the harmonized index of consumer prices is published with the base year 2015 = 100

The total harmonized index of consumer prices in the country remained unchanged at 0.0% in April 2018 compared with March 2018. However, there are some changes in the prices of items and services to the COICOP groups and subgroups. The slight increase in prices has been observed in the subgroups: fruits (1.1%); mineral water, soft drinks, fruit juices and vegetables (0.4%); electricity (2.5%); use of personal transport means (0.5%), with a common impact of these subgroups of 0.1% in the HICP.

The increase was counteracted mainly due to the slight decrease of prices in the subgroups: vegetables (-1.7%); firewood for heating (-5.3%), with a common impact of these subgroups of 0.1% in the HICP.

The inflation rate measured in April 2018 with April 2017 was 0.4%.

The total harmonized index of consumer prices is higher by 0.4% in April 2018 compared to April 2017. This is mainly explained by the decrease of consumer prices in COICOP sub-groups: bread and cereals (1.9%); meat (0.5%); milk, cheese and eggs (1.5%); coffee and tea (3.4%); tobacco (3.1%); use of personal transport means (2.0%); transport services (6.5%) - (plane ticket price increase), with a common impact of these subgroups of 0.9% in the HICP.

The rise was counteracted mainly by the fall in consumer prices in COICOP subgroups: vegetables (-3.2%); sugar and cakes (-9.0%); electricity, gas and other fuels (-1.5%) - (decrease in the price of wood for heating); household appliances (-3.5%); audio-visual, photographic information processing equipment (-5.2%), with a common impact of these sub-groups (-0.5%) in the HICP.

Explanation for data users

The implementation of new retail electricity tariffs for household consumers as of 1 April 2017, approved by the Energy Regulatory Office of the Republic of Kosovo, dated 31 March 2017, is the cause of the change in the price of electricity in each month calculated by the Kosovo Electricity Supply Company (KES / CO).