Harmonized Index of Consumer Prices, February 2021

  • 11/03/2021

The Kosovo Agency of Statistics (KAS) has published the "Harmonized Index of Consumer Prices" (HICP) in February 2021, with the base year 2015 = 100.

Monthly inflation measured by the harmonized index of consumer prices was 0.7% higher in February 2021 than in January 2021. This is mainly explained by the increase in consumer prices in the COICOP subgroups: fruits (4.8%); vegetables (7.6%); tobacco (1.5%); clothing (2.0%); use of personal transport means (2.0%) - “increase in oil and gasoline prices”, with a common impact of these subgroups by 0.7 percent on the HICP.

The annual inflation rate, measured in February 2021 to February 2020, was 0.7%.

The total harmonized index of consumer prices was higher at an average of 0.7 percent in February 2021, compared to February 2020. This is mainly explained by the increase in consumer prices in this period in the COICOP subgroups: bread and cereals (2.6%); meat (0.4%); milk, cheese and eggs (3.6%); oils and fats (8.6%); water, soft drinks, fruit and vegetable juices (0.7%); alcoholic beverages (2.9%); tobacco (4.4%); clothing (1.5%); solid fuels, firewood, pellets, etc. (3.0%); household appliances (3.3%); pharmaceutical products (3.9%); transport services (3.5%) "increase of air transport ticket prices", telephone and fax services (20.3%); audio-visual, photographic equipment for information processing (2.3%); hotel services (0.9%); personal care (1.8%); financial services (4.2%), with a combined impact of these subgroups by 1.9 percent on the HICP.

Whereas, a decrease in prices is observed in the COICOP subgroups: fruits (-10.0%); vegetables (-4.1%); electricity (-10.8%) - [the reduction of the price of electricity has come from the implementation of the Law on Economic Recovery COVID -19, no. 07 / L-016, Article 15, for the period January - May 2021]; purchase of vehicles (-1.0%); use of personal transport means (-6.5%) - “decline in oil and gasoline prices”, with a common impact of these subgroups by (-1.2) percent on the HICP.