Harmonized Index of Consumer Prices, February 2020

  • 11/03/2020

The Kosovo Agency of Statistics (KAS) has published “Harmonized Index of Consumer Prices” (HICP) in February 2020, with the base year 2015 = 100.

Monthly inflation as measured by the Harmonized Index of Consumer Prices in February 2020 was -0.2%.

The total harmonized index of consumer prices decreased to an average of (-0.2%) in February 2020 compared to January 2020. This is mainly explained by the decrease in consumer prices in the COICOP subgroups: alcoholic beverages (-1.1%); clothing (-3.0%); electricity, gas and other fuels (-0.6%); wood for heating, use of personal transport means (-1.6%); diesel and gasoline, with a common impact of these subgroups by (-0.3%) on HICP.

Whereas, price increase was observed in the subgroups: fruits (0.9%); vegetables (2.8%), with a common impact of these subgroups by 0.1% on HICP.

The annual inflation rate measured in January 2020 with January 2019 was 1.0%.

The total Harmonized Index of Consumer Prices was higher by 1.0% in February 2020 compared to February 2019. This is mainly explained by the increase in consumer prices over this period in the COICOP subgroups: bread and cereals (2.3%); meat (2.5%); fruits (7.8%); sugar, jam, honey, chocolate and cakes (2.6%); various food products, salts, spices etc., (3.0%); coffee, tea and cocoa (10.4%); utensils, cutlery and various utensils (4.1%); goods and services for routine household maintenance (2.7%); medical products, apparatus and equipment (3.1%); outpatient services (6.3%); purchase of vehicles (2.1%); use of personal transport means (1.0%); diesel and gasoline, hotel services (2.5%); accommodation services (5.5%); personal belongings, precious ornaments, etc., (3.0%); insurance (19.3%); vehicle insurance, with a combined impact of these subgroups by 1.6 percent on HICP.

Whereas, decrease in prices was observed in the subgroups: vegetables (-11.1%); alcoholic beverages (-2.4%); clothing (-3.4%); electricity, gas and other fuels (-0.9%) - (decrease in prices of wood for heating), with a common impact of these subgroups by (-0.6%) on HICP.