Harmonized Index of Consumer Prices (HICP), October 2016

  • 11/11/2016

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

Overall harmonized index of consumer prices is higher by 0.9% in October 2016 compared with September 2016. Increased prices are noted to COICOP subgroups: vegetables (2.9%), electricity, gas and other fuels (21.0%) - (rising price of electricity in an average of 39.7% due to the application of winter electricity tariffs from 1 October 2016-31 March 2017), the use of means for personal transport (1.3%) - (rising price of oil and gasoline) with a common impact of these subgroups of 1.4 percent in the HICP.

The increase was counteracted mainly by decreases of COICOP sub-groups: milk, cheese and eggs (-1.4%); fruit (-7.9%); transport services (-1.4%) - (decrease of plane ticket price); telephone and fax equipment (-2.6%), with a common impact of these subgroups of (-0.5%) in the HICP.  

The inflation rate measured in the month of October 2016 with October 2015 was 0.9%.

Overall harmonized index of consumer prices is higher for 0.9% in October 2016 compared to October 2015. In this period there are some changes in prices of items and services of COICOP groups and subgroups. Increasing prices for subgroups: meat (1.2%); milk, cheese and eggs (1.3%); sugar and sweets (8.4%); tobacco (5.1%); clothing (2.5%); electricity, gas and other fuels (1.6%) - (rising price of wood for heating); transport services (12.4%) - (rising price of plane tickets), with a common impact of these subgroups of 1.1% in the HICP.

The increase was counteracted mainly by decreases in this period of COICOP subgroups: bread and cereals (-1.4%); and fruit (-5.7%), with a common impact of these subgroups of (-0.2%) in the HICP.


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