Harmonized Index of Consumer Prices (HICP), August 2022

  • 09/09/2022

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

Monthly inflation measured by the harmonized index of consumer prices was 0.2% in August 2022.

The total harmonized index of consumer prices is higher by an average of 0.2% in August 2022, compared to July 2022. This is mainly explained by the increase in consumer prices in COICOP subgroups: solid fuel, firewood, pellets, etc. (6.3%); milk, cheese and eggs (3.6%); goods and services for the usual maintenance of the household (2.3%); meat (1.7%); bread and cereals (0.6%), with a combined impact of these subgroups by 0.6 percent in HIPC.

Meanwhile, the decrease in prices is observed in the COICOP subgroups: fuels and lubricants for personal transport means (-6.1%), with an impact by (-0.4 percent) in HICP.

Meanwhile, the annual inflation rate measured in August 2022 with August 2021 was 13.0%.

The total harmonized index of consumer prices is higher by an average of 13.0% in the month of August 2022, compared to the month of August 2021. This is mainly explained by the increase in consumer prices in this period in the COICOP subgroups: edible oils and fats (52.1%); solid fuels, firewood, pellets, etc. (48.6%); bread and cereals (32.4%); fuels and lubricants for personal transport means (32.0%); milk, cheese and eggs (26.2%); gas (26.1%); meat (22.5%); sugar, jam, honey, chocolate and sweets (19.7%); transport services (17.9%); coffee, tea and cocoa (17.6%); various food products, sauces, spices, salt, baby food, etc. (15.7%); hotel services (14.9%); goods and services for the usual maintenance of the household (14.3%); maintenance and arrangement of residence (12.2%); home and garden tools and equipment (11.3%); personal care (8.9%); packed vacations (7.9%); mineral water, soft drinks, fruit and vegetable juices (7.3%); other recreational, garden and pet items and equipment (6.8%); spare parts and accessories for personal transport means (6.2%); personal items (5.9%); household appliances (5.4%); purchase of vehicles (5.3%); tobacco (5.3%); alcoholic beverages (5.2%); pharmaceutical products (4.6%); glassware, cutlery and kitchen tools (4.2%); furniture and furnishings, carpets and other floor coverings (3.8%), with a combined impact of these subgroups by 13.3 percent in HICP.

Meanwhile, a decrease in prices is observed in the COICOP subgroups: fruits (-8.2%); vegetables (-1.2%); clothing (-0.7%), with a common impact of these subgroups by (-0.3 percent) in HICP.

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