Agricultural prices in Kosovo rise 4.4% y/y in Q3 2013

By bne IntelliNews November 18, 2013

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      

Related Articles

Freedom House keeps “partly free” status for Macedonia despite new government’s efforts

Macedonia was rated only “partly free” in the latest report from international watchdog Freedom House, the same almost all of the six Western Balkan countries, despite efforts by the ... more

Kosovo's GDP growth to outstrip regional peers in 2017, IMF says

Kosovo’s economic growth is expected to reach 4.1% in 2017, among the highest in the region, which will be driven by high investment and exports, the International Monetary Fund (IMF) said on ... more

Time for international missions to go home, Kosovan president says

Kosovo's President Hashim Thaci has called for international missions to leave and complained that the EU is keeping the country isolated. Thaci wants Kosovo to complete the transition of the ... more