Prices of agricultural products in Kosovo grew 4.4% in the third quarter of 2013 as compared to their level a year earlier, data published by the statistics office showed. The agricultural inflation index is divided in two main price groups - crop output and animal output. Of the two categories, the crop output prices have a bigger influence on the dynamics of the index since they have the heavier weight in the agricultural basket.
The crop output prices rose 5.6% y/y in the third quarter of 2013 on higher prices of vegetables (+5.4% y/y), potatoes (+32.8% y/y) and fruits (+5.4% y/y). On the other hand, the decline in the price of cereals (-17.7% y/y) and forage plants (-2.6% y/y) had a small offsetting effect. The animal output inflation was 0.2% y/y in Q3.
Food prices account for 37.8% of the CPI basket and inflation in Kosovo closely mirrors their development. In October, the CPI was flat from the previous month, rising at an annual rate of 0.2% y/y. Prices of food and non-alcoholic beverages decreased 1.4% y/y, contributing a negative 0.57pps to the CPI.
Kosovo, Agricultural output price inflation | Q3 2012 | Q3 2013 | Change, y/y |
Total | 113.9 | 118.9 | 4.4% |
Crop output | 110.1 | 116.3 | 5.6% |
Vegetables | 90.8 | 95.7 | 5.4% |
Potatoes | 143.7 | 190.8 | 32.8% |
Fruits | 101.5 | 107.0 | 5.4% |
Forage plants | 152.8 | 148.9 | -2.6% |
Cereals | 179.5 | 147.8 | -17.7% |
Animal output | 128.5 | 128.8 | 0.2% |
Live animals | 135.4 | 137.6 | 1.6% |
Animal products | 119.3 | 116.9 | -2.0% |
Source: Kosovo statistics office |
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