Harmonized Index of Consumer Prices (HICP), April 2022

  • 11/05/2022

The Kosovo Agency of Statistics (KAS) has released the "Harmonized Index of Consumer Prices" (HICP) in April 2022, with the base year 2015 = 100.

Monthly inflation measured by the harmonized index of consumer prices was 1.5% in April 2022.

The total harmonized index of consumer prices is higher at an average of 1.5% in April 2022, compared to March 2022. This is mainly explained by the increase in consumer prices in the COICOP subgroups: bread and cereals (1.2%); meat (3.6%); milk, cheese and eggs (0.9%); edible oils and fats (15.6%); fruits (1.5%); vegetables (5.4%); sugar, jam, honey, chocolate and cakes (2.0%); various food products: sauces, spices, salt, baby food, etc. (2.2%); coffee, tea and cocoa (0.8%); water, soft drinks, fruit and vegetable juices (0.6%); alcoholic beverages (5.4%); gas (10.8%); solid fuels, firewood, pellets, etc. (2.6%); household appliances (2.0%); glassware, cutlery and kitchen utensils (1.7%); home and garden tools and equipment (1.3%); goods and services for ordinary household maintenance (1.7%); purchase of vehicles (1.3%); fuels and lubricants for personal transport means (2.7%); transport services (3.9%); hotel services (1.4%), with a combined impact of these subgroups by 1.7 percent on the HICP.

While, a decrease in prices is observed in the COICOP subgroups: electricity (-7.3%) (due to the decrease in electricity consumption (expenditures) in April compared to March (2022) with an impact by (-0.2 percent) on the HICP.

The annual inflation rate measured in April 2022 with April 2021 was 11.2%.

The total harmonized index of consumer prices is higher at an average of 11.2 percent in April 2022, compared to April 2021. This is mainly explained by the increase in consumer prices in this period in the COICOP subgroups.: bread and cereals (24.3%); meat (13.5%); milk, cheese and eggs (21.7%); edible oils and fats (51.3%); vegetables (13.8%); sugar, jam, honey, chocolate and cakes (15.9%); various food products, such as sauces, spices, salt, baby food, etc. (11.6%); coffee, tea and cocoa (13.6%); mineral water, non-alcoholic beverages, fruit and vegetable juices (5.9%); tobacco (4.8%); maintenance and regulation of residence (8.2%); electricity (17.6% - (the increase in the price of electricity is because in the period January - May 2021 it was 0.0061 cents lower according to the Law on Economic Recovery Covid -19 No. 07 / L-016 article 15) , while in April 2022 there was a decrease in consumption, ie electricity expenditures for (-7.3%); gas (42.2%); solid fuels, firewood, pellets, etc. (22.0%); furniture and furnishings, carpets and other floor coverings (4.2%); household appliances (8.4%); home and garden tools and equipment (9.9%); goods and services for ordinary household maintenance (7.4%); purchase of vehicles (6.8 spare parts and accessories for personal transport means (6.2%); fuels and lubricants for personal transport means (38.8%); other services related to personal transport means (9.9%); transport services ( 11.1%); hotel services (9.7%); personal care (5.0%), with a common impact of these subgroups by 11.6 percent on the HICP.

Whereas, a decrease in prices is observed in the COICOP subgroups: fruits (-11.5%); clothing (-1.1%); footwear (-2.9%), with an impact of (-0.4 percent) on the HICP.

 

For more information about the Harmonized Index of Consumer Prices in April 2022, visit: http://ask.rks-gov.net/sq/agjencia-e-statistikave-te-kosoves /ekonomi/çmimet