Harmonized Index of Consumer Prices, July 2020

  • 11/08/2020

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

Monthly inflation measured by the harmonized index of consumer prices was (-0.3%) in July 2020, compared to June 2020. This is mainly explained by the decrease in consumer prices in the COICOP subgroups: milk, cheese and eggs (-1.8%); fruits (-3.8%); vegetables (-12.1%); alcoholic beverages (-1.8%); electricity, gas and other fuels (-1.2%) - (decrease in prices of wood for heating), with a combined impact of these subgroups by (-0.7) percent on the HICP.

Whereas, price increase is observed in the COICOP subgroups: bread and cereals (0.5%); tobacco (1.5%); use of personal transport means (3.1%) - (increase in oil and gasoline prices), transport services (5.9%) - (increase in air transport ticket prices), with a combined impact of these subgroups by 0.4 percent in the HICP.

Meanwhile, the annual inflation rate, measured in July 2020 and July 2019, was (-0.1%).

The total harmonized index of consumer prices decreased by an average of (-0.1%) in July 2020, compared to July 2019. This is mainly explained by the decline in consumer prices in this period in the COICOP subgroups: vegetables (-4.5%); alcoholic beverages (-2.0%); use of personal transport means (-15.6%) - (decline in oil and gasoline prices), with a combined impact of these subgroups by (-1.4%) on the HICP.

Whereas, price increase is observed in the COICOP subgroups: bread and cereals (2.4%); meat (1.1%); milk, cheese and eggs (2.1%); fruits (5.6%); sugar, jam, honey, chocolate and cakes (4.5%); coffee, tea and cocoa (5.9%); water, soft drinks, fruit and vegetable juices (1.5%); tobacco (2.1%); medical products, apparatus and equipment (5.0%); outpatient services (5.5%); purchase of vehicles (0.8%); hotel services (2.8%); personal care (1.7%); personal belongings (3.3%); insurance (19.7%) - (increase in vehicle insurance prices), with a combined impact of these subgroups by 1.3 percent on the HICP.