Harmonized Index of Consumer Prices, December 2019

  • 10/01/2020

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

Monthly inflation as measured by the Harmonized Index of Consumer Prices in December 2019 was 0.2%.

The annual inflation rate measured in December 2019 with December 2018 was 1.2%. Whereas, the average annual inflation rate in 2019 was 2.7%.

The Harmonized Index of Consumer Prices was higher by 0.2% in December 2019 compared to November 2019. This was mainly explained by the increase in consumer prices in the COICOP subgroups: meat (0.6%), vegetables (5.7%), with a common impact of these subgroups by 0.2% in the HICP.

The total Harmonized Index of Consumer Prices was higher by 1.2% in December 2019 compared to December 2018. This is mainly explained by the increase in consumer prices over this period in the COICOP subgroups: bread and cereals (4.7%), meat (2.8%), fruits (6.0%), sugar, jam, honey, chocolate and sweets (2.0%), various food products, salts, spices, etc. (2.5%), coffee, tea and cocoa (10.4%), water, soft drinks, juices from fruits and vegetables (1.4%), tobacco (2.6%), household appliances (2.0%) %), glassware, cutlery and kitchen utensils (3.0%), household goods and services for routine household maintenance (1.9%), medical products, appliances and equipment (1.4%), vehicle purchases (3.9%), telephone and fax services (0.7%), hotel services (0.9%), accommodation (6.0%), personal belongings (3.0%), insurance (19.3%), with a combined impact of these subgroups by 1.8 percent in the HICP.

The increase was mainly counteracted by the decrease in consumer prices in the COICOP subgroups: vegetables (-9.3%), electricity, gas and other fuels (-1.9%) - (decrease of price of wood for heating), use of personal transport means (-1.8%) - (decrease of oil and gasoline prices), transport services (-5.9%) - (decrease of air transport ticket prices), with a common impact of these subgroups by -0.6 percent in the HICP.

Harmonized Index of Consumer Prices in 2019

The average annual inflation rate in 2019 is 2.7%.

The total Harmonized Index of Consumer Prices in the country in 2019 was higher at an average of 2.7 percent compared to 2018. Consumer price index growth in 2019 was observed in the COICOP subgroups: bread and cereals (11.1%), meat (3.8%), milk, cheese and eggs (2.8%), vegetables (11.1%), sugar and confectionery (1.6%), coffee, tea and cocoa (6.2%), alcoholic beverages (1.9%), tobacco (3.2%), housing maintenance and adjustment (2.3%), household goods and services for routine household maintenance (2.8%), purchase of vehicles (1.4%), use of personal transport means (1.5%), organized holidays (3.2%), hotel services (0.9%), services of accommodation (5.7%), insurance (3.3%), with a combined impact of these subgroups by 2.9 percent in the HICP.

Decrease in the harmonized index of consumer prices in 2019 was observed in the COICOP subgroups: fruit (-4.6%), transport services (-3.7%) - (decrease in air transport ticket prices), with a common impact by 0.2 percent in the HICP.

More details on the HICP Annual Release for 2019 in 29 May, 2020.