Input Price Index and Prices in Agriculture, Q3 2020
There is still a decline in agricultural inputs
The Kosovo Agency of Statistics (KAS) has published the "Input Price Index and Prices in Agriculture" in the third quarter of 2020 (Q3 2020) (2015 = 100).
KAS has changed the base year of the index from 2010 = 100 to 2015 = 100 according to the methodology of Eurostat.
This publication is based on the prices of agricultural inputs collected in Kosovo. Price collection is carried out in agricultural pharmacies, veterinary pharmacies, in companies, markets and other places where prices of agricultural inputs are available. Some prices of agricultural inputs are taken from consumer prices (HICP) in KAS.
The products that form the basis of the Input Price Index are divided into two main groups: Goods and services currently consumed in agriculture (Input 1) and Goods and services that contribute to investments in agriculture (Input 2). Within the Input 1 group, prices are aggregated into the following groups: seeds and planting stock, energy, oils, fertilizers and soil improvers, plant protection products and pesticides, veterinary expenditures, animal feed materials, material maintenance, maintenance of buildings, and other goods and services. Whereas, in terms of Input 2, prices are collected for materials (machinery and other equipment), buildings and other (non-residential farm buildings, works other than land improvement).
In the third quarter of 2020, the index of Input 1 decreased by (-4.1%), compared to the same period of 2019. Whereas, the index of Input 2 decreased by (-0.2%).
The total Input Index (Input 1 + Input 2) has decreased by (-2.2%), compared to the same period of 2019.