Harmonized Index of Consumer Prices, November 2018

  • 11/12/2018

The Kosovo Agency of Statistics (KAS) has published the "Harmonized Index of Consumer Prices" (HICP) in November 2018, with base year 2015 = 100.

Monthly inflation measured by the Harmonized Index of Consumer Prices was 0.7% in November 2018, which means that the total index was higher, comparing to October 2018. This is mainly explained by the increase in consumer prices to COICOP subgroups: bread and cereal (4.2%); milk, cheese and eggs (0.6%); oils and fat (1.1%); vegetables (3.5%); sugar, marmalade, honey, chocolate and cakes (1.1%); firewood for heating (3.6%); audio-visual, photographic information processing equipment (1.4%), with a common impact of these subgroups by 0.8 percent in the HICP.

The increase was counteracted by the decrease in consumer prices in the fruit subgroup (-4.0%) with an impact of this subgroup by (-0.1%) in the HICP.

The annual inflation rate measured in November 2018 with November 2017 was 2.1%. This is mainly explained by the increase of consumer prices in this period in COICOP subgroups: bread and cereal (5.0%); meat (4.6%); milk, cheese and eggs (1.1%); vegetables (12.3%); alcoholic beverages (3.0%); tobacco (2.8%); use of personal transport means (11.5%) - (increase of prices of oil and gasoline), transport services (6.3%) - (increase of air transport ticket prices), hotel services (2.3%), with a common impact of these subgroups by 2.8% in the HICP.

The increase was counteracted mainly by the decrease in consumer prices in COICOP subgroups: fruit (-11.8%); sugar, marmalade, honey, chocolate and cakes (-4.5%), mineral water, soft drinks, fruit and vegetable juices (-1.4%); electricity, gas and other fuels (-5.8%), with a common impact of these subgroups by (-0.7%) in the HICP.