Harmonized Index of Consumer Prices (HICP), May 2017

  • 12/06/2017

Kosovo Agency of Statistics (KAS) has published the "Harmonized Index of Consumer Prices" (HICP) for May 2017.

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

The total harmonized index of consumer prices in the country dropped to an average of (-0.8%) in May 2017 compared to April 2017. This is mainly explained by the fall in consumer prices in COICOP subgroups: Vegetables (-9.1%); Electricity, gas and other fuels (-14.9%) - (electricity price decrease) with a common impact of these subgroups (-1.0%) in the HICP.

The decline was counteracted by rising consumer prices in the fruit subgroup for (8.7%) with an impact of 0.2% in the HICP.

The inflation rate in the country measured in May 2017 with May 2016 was 1.5%.

The overall harmonized index of consumer prices is higher by 1.5% in May 2017 compared to May 2016. This is mainly explained by some price changes of items and services to COICOP's groups and sub-groups. Growth in consumer prices is observed in subgroups: Meat (1.1%); Milk, cheese and eggs (4.4%); Fruits (13.1%); Sugar and sweets (7.9%); Coffee, tea and cocoa (7.8%); Mineral water, soft drinks, fruit and vegetable juices (1.3%); Tobacco (5.5%); The use of personal transport means (7.1%) - (rise of price for oil and petrol) with a common impact of these subgroups of 1.9% in the HICP.

The rise was neutralized, mainly due to the fall in prices in this period to the subgroups: Vegetables (-3.4%); Electricity, gas and other fuels (-1.3%); Vehicle purchase (-1.7%); Audio-visual, photographic information processing equipment (-6.1%), with a common impact of these subgroups of (-0.4%) in the HICP.

Explanation for Data Users 

The implementation of new retail electricity tariffs for household customers from April 1, 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).

For more information on the Harmonized Index of Consumer Prices, visit: http://ask.rks-gov.net/en/kosovo-agency-of-statistics/add-news/indeksi-i-harmonizuar-i-cmimeve-te-konsumit-ihck-maj-2017