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

The average annual rate of inflation in 2018 was 1.1%.

Monthly inflation measured by the Harmonized Index of Consumer Prices was 0.8% in December 2018 compared to November 2018. This is mainly explained by the increase in consumer prices to COICOP subgroups: bread and cereal (2.6%); milk, cheese and eggs (2.9%); vegetables (10.8%); firewood for heating (4.7%), with a common impact of these subgroups by 0.9 percent in the HICP.

The increase was counteracted by the decrease in consumer prices to COICOP subgroups: the use of personal transport means (-0.9%) and the increase in oil and gasoline prices with an impact of this subgroup by (-0.1%) in the HICP.

The inflation rate measured in December 2018 with December 2017 was 2.9%.

The total harmonized index of consumer prices is higher by 2.9% in December 2018 compared to December 2017. This is mainly explained by the increase in consumer prices in this period to COICOP subgroups: bread and cereal (7.8%); meat (4.3%); milk, cheese and eggs (4.3%); vegetables (21.1%); alcoholic beverages (2.9%); tobacco (2.9%); use of personal transport means (10.5%); oil and gasoline prices, transport services (3.5%); airline ticket prices, hotel services (2.3%), with a common impact of these subgroups by 3.4 percent in the HICP.

The increase was counteracted mainly by the decrease in consumer prices to COICOP subgroups: fruit (-12.1%); sugar, marmalade, honey, chocolate and cakes (-3.2%); water, soft drinks, juices from fruits and vegetables (-0.7%); electricity, gas and other fuels (-1.9%), furniture and appliances, carpets and other floor coverings (-2.0%); telephone and fax equipment (-4.7%); audio-visual, photographic information processing equipment (-2.5%), with a common impact of these subgroups by (-0.5) percent in the HICP.