Harmonized Index of Consumer Prices, September 2019

  • 11/10/2019

The Kosovo Agency of Statistics (KAS) has published “Harmonized Index of Consumer Prices” (HICP) in September 2019, with the base year 2015 = 100.

Monthly inflation measured by the Harmonized Index of Consumer Prices in September 2019 was (-0.1%).

The total harmonized index of consumer prices decreased to an average of (-0.1%) in September 2019, compared to August 2019. This is mainly explained by the decline in consumer prices in the COICOP subgroups: meat (-0.7%); milk, cheese and eggs (-0.9%); fruits (-2.3%); transport services (-3.6%) - (decrease of air transport ticket prices); organized holidays (-6.8%), with a common impact of these subgroups by (-0.3 percent) in the HICP

The decrease was largely counteracted by the increase in the consumer prices in the COICOP subgroups: vegetables (0.6%); coffee, tea and cocoa (1.4%); clothing (0.9%); electricity, gas and other fuels (1.2%) - (increase of price of firewood), glassware, cutlery and kitchen utensils (1.4%), with a common impact of these subgroups by 0.2 percent in the HICP.

However, the annual inflation rate, measured in September 2019 with September 2018, was 2.4%. This is mainly explained by the increase in consumer prices during this period in the COICOP subgroups: bread and cereals (12.5%); meat (3.2%); milk, cheese and eggs (1.5%); oils and fats (3.0%); fruits (1.9%); sugar, jam, honey, chocolate and cakes (2.4%); coffee, tea and cocoa (11.3%); alcoholic beverages (2.0%); tobacco (2.5%); housing maintenance and adjustment (1.8%); electricity, gas and other fuels (0.8%) - (increase of price of firewood); furniture and furnishings, carpets and other floor coverings (1.3%); home appliances (2.5%); glassware, cutlery and kitchen utensils (3.8%); goods and services for routine household maintenance (4.1%); outpatient services (1.7%); purchase of vehicles (1.5%); organized holidays (5.9%); housing services (4.6%); personal items (3.2%), with a combined impact of these subgroups of 2.6 percent on HICP.

The increase was counteracted mainly by the decrease in consumer prices in the COICOP subgroups: vegetables (-3.2%); transport services (-2.9%) - (decrease of air transport ticket prices); audio-visual, photographic information processing equipment (-3.3%), with a common impact of these subgroups by (-0.2%) in the HICP.