Harmonized Index of Consumer Prices (HICP), May 2016

  • 13/06/2016

Kosovo Agency of Statistics (KAS) has published "the Harmonised Index of Consumer Prices" (HICP) for the month of May 2016.

The harmonized index of consumer prices published since January 2016 is published with the base year 2015 = 100.

Overall harmonized index of consumer prices decreased by an average (-0.2%) in May 2016 compared to April 2016. This is mainly explained by the fall in consumer prices in subgroups: bread and cereals (-0.6 %); oils and fats (-1.0%); vegetables (-5.9%); with a common impact of these subgroups of (-0.4%) in the HICP.

The increase of the consumer prices is observed in subgroups: fruit (3.7%); use of means for personal transport (1.9%) - (rising price of oil and petrol), with a common impact of these subgroups of (0.2%) in the HICP.

The inflation rate measured in the month of May 2016 with May 2015 was -0.1%. 

Overall harmonized index of consumer prices decreased by an average (-0.1%) in May 2016 compared with May 2015. This is mainly explained by the fall in consumer prices in this period of subgroups: bread and cereals (-3.7%); vegetables (-6.4%); water supply and various services related to residence (-6.7%); electricity, gas and other fuels (-5.3%) - (escalation of VAT by 8.0% from September 2015 to bread,  cereals, milk, cheese, eggs, and water and electricity, has contributed to the decline HICP in a move of (-0.7%), use of means for personal transport (-9.4%) - (drop in oil and petrol prices) with a common impact of these subgroups of (-1.6%) in the HICP.

Increase in consumer prices during this period is noted to subgroups: meat (1.5%); oils and fats (5.4%); sugar and sweets (8.2%); mineral water, soft drinks, fruit and vegetable juices (2.2%); alcoholic beverages (9.6%); tobacco (10.8%); clothing (3.0%); furnishings and equipment, carpets and other floor carpets (2.0%); medical products and equipment (3.4%); purchase of vehicles (1.4%), with a common impact of these subgroups of 1.5% in the HICP.


For more information regarding the Harmonized Index of Consumer Prices for the month of May 2016, visit: http://ask.rks-gov.net/en/kosovo-agency-of-statistics/economy/prices