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

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

Haradinaj reportedly musters support to form Kosovo’s new government

Ramush Haradinaj, the prime ministerial candidate of the coalition that won Kosovo's June 11 early general elections, is believed to have mustered the support of 62 lawmakers in the new 120-seat ... more

Rival party leaders in Kosovo rebuff Haradinaj's invitation to coalition talks

Ramush Haradinaj, the prime ministerial candidate of the coalition that won the June 11 early general elections, has sent letters to the other two main formations in the new parliament, asking for a ... more