Harmonized Index of Consumer Prices, January 2020

  • 14/02/2020

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

Monthly inflation as measured by the Harmonized Index of Consumer Prices in January 2020 was 0.8%. The annual inflation rate measured in January 2020 with January 2019 was 1.5%.

The Harmonized Index of Consumer Prices was higher by 0.8% in January 2020 compared to December 2019. This was mainly explained by the increase in consumer prices in the COICOP subgroups: fruits (7.7%), vegetables (16.6%), medical products, apparatus and equipment (1.5%), outpatient services (3.2%), hotel services (1.4%), with a common impact of these subgroups by 0.9 percent in HICP. While the decrease in prices is observed in the subgroup of alcoholic beverages (-2.2%) with an impact of this subgroup by -0.1 percent in HICP, and in some subgroups, prices of some other products and services remained largely unchanged without any impact on HICP.

The Harmonized Index of Consumer Prices was higher by 1.5% in January 2020 compared to January 2019. This was mainly explained by the increase in consumer prices over this period in the COICOP subgroups: bread and cereals (2.7%), meat (2.6%), fruits (12.1%), various food products, salts, spices etc. (3.4%), coffee, tea and cocoa (10.6%), water, soft drinks, juices from fruits and vegetables (0.8%), furniture and furnishings, carpets and other floor coverings (1.5%), household appliances (2.3%), utensils, cutlery and various kitchen utensils (3.5%), household goods and services for routine household maintenance (2.2%), medical products, apparatus and equipment (2.8%), outpatient services (5.6%), vehicle purchase (2.0%), use of personal transport equipment (2.7%) - (increase of prices of oil and gasoline), hotel services (2.3%), accommodation services (6.0%), personal belongings (2.9%), insurance (19.3%) - (increase of prices for car insurance), with a common impact to these subgroups by 1.9 percent in HICP. Whereas the decrease in prices is observed in the subgroups: vegetables (-8.7%), electricity, gas and other fuels (-1.9%) - (decrease in prices of wood for heating), with a common impact of these subgroups by -0.4 percent in HICP, and in some subgroups, prices of some other products and services remained largely unchanged without any impact in HICP.