Input Price Index and Prices in Agriculture, Q3 2021
The Kosovo Agency of Statistics (KAS) has published the "Input Price Index and Prices in Agriculture" in the third quarter of 2021 (Q3 2021) (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 derived 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 according to the following groups: seeds and planting material, energy, oils, fertilizers and soil improvers, plant protection products and pesticides, veterinary expenses, animal feed materials, material maintenance, maintenance of buildings, as well as other goods and services. Whereas, in terms of Input 2, prices are collected for materials (machinery and other equipment), other buildings (non-resident farm buildings, other works, other than land improvement).
In the third quarter of 2021, the index for Input 1 has increased by 21.6%, compared to the same period of 2020. Whereas, the index for Input 2 has increased by 7.8%, compared to the same period of 2020.
The total Input Index (Input 1 + Input 2) has increased by 14.8%, compared to the same period of 2020.